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FAIR VALUE ACCOUNTING (Details Narratives) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Fair Value Accounting Details Narratives    
Outstanding warrants to purchase shares of the Company's common stock $ 5,211,229 $ 18,547,000
Fair values of Warrants which is recognised as non-current liability $ 2,244,000 $ 11,824,000