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EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2011
EARNINGS (LOSS) PER SHARE [Abstract] |
Basic and diluted earnings per share |
All figures in USD |  | 2011 |  |  | 2010 |  |  | 2009 |
Numerator: |  |  |  |  |  |  |  |  |
Net Income (Loss) |  |  | (72,298,337 | ) |  |  | (809,130 | ) |  |  | 1,012,240 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 47,159,402 |  |  |  | 46,551,564 |  |  |  | 40,449,522 |
Dilutive Effect of Stock Options * |  |  | - |  |  |  | - |  |  |  | - |
Dilutive – Weighted Average Common Shares Outstanding |  |  | 47,159,402 |  |  |  | 46,551,564 |  |  |  | 40,449,522 |
Income (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | (1.53 | ) |  |  | (0.02 | ) |  |  | 0.03 |
Diluted |  |  | (1.53 | ) |  |  | (0.02 | ) |  |  | 0.03 |
*In August 2009, the Company announced that it had cancelled all outstanding stock options. Following the cancellation described in Note 10, there are no more outstanding stock option under the Plan.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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