WARRANTS AND OPTIONS (Tables)

6 Months Ended

Jun. 30, 2012

SCHEDULE OF STOCK OPTIONS VALUATION ASSUMPTION [Table Text Block]

Granted on	January 1,	February 1,	February 27,	October 6,	March 19,	April 20,	May 10,
	2011	2011	2011	2011	2012	2012	2012
Expected dividend yield	0%	0%	0%	0%	0%	0%	0%
Risk-free interest rate	2.01%	1.95%	2.16%	0.96%	1.13%	0.84%	0.77%
Expected term (in years)	5	5	5	5	5	5	6
Expected volatility	70.0%	70.0%	70.0%	65.0%	52.0%	105.0%	105.0%

SCHEDULE OF WARRANTS VALUATION [Table Text Block]

		June 6, 2012		June 4, 2012		December 31, 2011
Expected dividend yield		0%		0%		0%
Risk-free interest rate		0.05%		0.04%		0.05%
Time to maturity (in years)		-		-		0.43
Expected volatility		47.4%		37.3%		80.0%
Fair value of underlying common shares (per share)	$	9.22	$	8.55	$	10.46