BASIC AND DILUTED LOSS PER SHARE (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2013

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

		Three Months Ended September 30,
		2013			2012
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(2,280,098	)	$	(2,282,004	)
Weighted average basic outstanding shares of common stock		116,871,503			115,131,697
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		116,871,503			115,131,697
Loss per share:
Basic	$	(0.02	)	$	(0.02	)
Diluted	$	(0.02	)	$	(0.02	)

		Nine Months Ended September 30,
		2013			2012
		(unaudited)			(unaudited)
Net loss available for common stock holders	$	(6,455,500	)	$	(7,187,568	)
Weighted average basic outstanding shares of common stock		116,871,503			114,695,976
Dilutive effect of warrants and stock options		-			-
Weighted average diluted outstanding shares of common stock		116,871,503			114,695,976
Loss per share:
Basic	$	(0.06	)	$	(0.06	)
Diluted	$	(0.06	)	$	(0.06	)