FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2011

SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE [Table Text Block]

				Fair Value Measurements Using:
				Quoted Prices
				in Active Markets		Significant
				for Identical		Other		Significant
				Financial Assets		Observable		Unobservable
				and Liabilities		Inputs		Inputs
December 31, 2011		Total		Level 1		Level 2		Level 3
Liabilities at fair value:
Derivative liabilities—Warrants	$	5,410,419	$	-	$	5,410,419	$	-