SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The weighted-average assumptions used in the option pricing model for stock option grants were as follows for the six months ended June 30, 2013:

	2013
Expected Dividend Yield	0.00%
Expected Volatility of Stock Price	119.9%
Risk-Free Interest Rate	1.86%
Expected Life	10 years
Weighted Average Fair Value at Grant Date	$0.15/share

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes all stock option activity of the Company for the six months ended June 30, 2013:

	Number of		Weighted Average
	Options		Exercise Price
Outstanding, December 31, 2012		6,867,500	$	0.66
Granted		1,250,000	$	0.15
Forfeited		379,150	$	0.59
Outstanding, June 30, 2013		7,738,350	$	0.57
Exercisable, June 30, 2013		5,671,600	$	0.63

Schedule Of Share-Based Goods and Nonemployee Services Transaction Valuation Method [Table Text Block]

The following weighted average assumptions were used for warrants granted for the six months ended June 30:

	2013			2012
Expected Dividend Yield		-			-
Expected Volatility in Stock Price		123.9	%		31.57	%
Risk-Free Interest Rate		1.47	%		0.78	%
Expected Life of Awards, Years		6.83			4.5

Schedule Of Share-Based Compensation, Nonemployee Services Transaction Plan, Activity [Table Text Block]

The following table represents the Company’s warrant activity for the six months ended June 30, 2013:

				Weighted Average				Weighted Average
	Number of			Grant Date		Weighted Average		Remaining
	Warrants			Fair Value		Exercise Price		Contractual Life (Years)
Outstanding, December 31, 2012		12,857,926				$	0.41		7.28
Granted		315,689		$	0.12	$	0.06
Exercised		-		$		$
Expired/Forfeited		(1,318,263	)	$		$	1.06
Outstanding, June 30, 2013		11,855,352				$	0.22		7.56
Exercisable, June 30, 2013		11,805,352				$	0.22		7.55