BASIC AND DILUTED EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

		2012			2011
Numerator:
Net loss available for common stock holders	$	(10,254,344	)	$	(10,316,294	)
Denominator:
Basic
Weighted average outstanding shares of common stock		114,944,800			113,608,523
Diluted
Warrants		–			–
Stock options		–			–
Common stock and common stock equivalents		114,944,800			113,608,523
Loss Per Share:
Basic	$	(0.09	)	$	(0.09	)
Diluted	$	(0.09	)	$	(0.09	)