BASIC AND DILUTED LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Earnings Per Share Reconciliation [Table Text Block]

		Three Months Ended March 31,
		2013			2012
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(2,150,846	)	$	(2,507,888	)
Weighted average basic outstanding shares of common stock		116,871,503			114,320,260
Dilutive effect of warrants and stock options		–			–
Weighted average diluted outstanding shares of common stock		116,871,503			114,320,260
Loss per share:
Basic	$	(0.02	)	$	(0.02	)
Diluted	$	(0.02	)	$	(0.02	)