RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

NOTE 8 - RELATED PARTY TRANSACTIONS

The Company paid Burnham Hill Advisors LLC ("BHA") $39,500 during the quarter ended June 30, 2013 for advisory and consulting fees pursuant to a Consulting Agreement for Services ("Agreement") by and between the Company and BHA, dated August 25, 2012, which agreement was terminated on May 1, 2013 in accordance with its terms.  Mr. Abrams, the Company’s Chief Financial Officer, is a partner in Burnham Hill Capital Group LLC (“BHCG”), of which BHA is a 100% wholly owned entity. In addition, Mr. Adelman, a shareholder that beneficially owns in excess of 5% of the Company’s common stock, is a partner is BHCG. The fees paid to BHA under the terms of the Agreement, which were $13,500 per month up to the date of Mr. Abrams became the Company’s full-time Chief Financial Officer, included the services provided by Mr. Abrams to the Company in his capacity as its Interim Chief Financial Officer. Additionally, during the period in which the Agreement was in effect, Mr. Abrams received $1,500 per month directly from the Company in consideration for his services provided to the Company.