BASIC AND DILUTED EARNINGS PER SHARE (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2012

Sep. 30, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

		Three Months Ended September 30,
		2012			2011
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(2,282,004	)	$	(1,734,725	)
Weighted average basic outstanding shares of common stock		115,131,697			113,678,970
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		115,131,697			113,678,970
Loss per share:
Basic	$	(0.02	)	$	(0.02	)
Diluted	$	(0.02	)	$	(0.02	)

		Nine months Ended September 30,
		2012			2011
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(7,187,568	)	$	(7,085,523	)
Weighted average basic outstanding shares of common stock		114,695,976			113,491,342
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		114,695,976			113,491,342
Loss per share:
Basic	$	(0.06	)	$	(0.06	)
Diluted	$	(0.06	)	$	(0.06	)