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EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2012
EARNINGS (LOSS) PER SHARE [Abstract] |
Basic and diluted earnings per share | For the year ended December 31, 2012 and 2011, the Company had a net loss, thus any effect of common stock equivalents outstanding would be antidilutive. For the years ended December 31, 2012 and 2011, the Company had 400,000 restricted shares outstanding, which were included in the total common shares issued and outstanding as at December 31, 2012 and 2011, respectively.
All figures in USD |  | 2012 |  |  | 2011 |  |  | 2010 |
Numerator: |  |  |  |  |  |  |  |  |
Net Income (Loss) |  |  | (73,191,830 | ) |  |  | (72,298,337 | ) |  |  | (809,130 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 52,547,623 |  |  |  | 47,159,402 |  |  |  | 46,551,564 |
Dilutive – Weighted-Average Common Shares Outstanding |  |  | 52,547,623 |  |  |  | 47,159,402 |  |  |  | 46,551,564 |
Income (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | (1.39 | ) |  |  | (1.53 | ) |  |  | (0.02 | )
Diluted |  |  | (1.39 | ) |  |  | (1.53 | ) |  |  | (0.02 | )

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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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