BASIC AND DILUTED LOSS PER SHARE (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2013

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three Months Ended June 30,
		2013			2012
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(2,024,556	)	$	(2,397,676	)
Weighted average basic outstanding shares of common stock		116,871,503			114,631,186
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		116,871,503			114,631,186
Loss per share:
Basic	$	(0.02	)	$	(0.02	)
Diluted	$	(0.02	)	$	(0.02	)

		Six Months Ended June 30,
		2013			2012
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(4,175,402	)	$	(4,905,564	)
Weighted average basic outstanding shares of common stock		116,871,503			114,475,722
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		116,871,503			114,475,722
Loss per share:
Basic	$	(0.04	)	$	(0.04	)
Diluted	$	(0.04	)	$	(0.04	)