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NOTE 3 - FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2012
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents the fair value hierarchy for the Company’s financial assets measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011, respectively:

         
Fair Value Measure at June 30, 2012
 
   
Total
   
Quoted
   
Significant
       
   
Carrying
   
Prices
   
Other
   
Significant
 
   
Value at
   
in Active
   
Observable
   
Unobservable
 
   
June 30,
   
Market
   
Inputs
   
Inputs
 
Description
 
2012
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Cash and cash equivalents
 
$
1,493
   
$
1,493
   
$
   
$
 
                                 
Total
 
$
1,493
   
$
1,493
   
$
   
$
 
         
Fair Value Measure at December 31, 2011
 
   
Total
   
Quoted
   
Significant
       
   
Carrying
   
Prices
   
Other
   
Significant
 
   
Value at
   
in Active
   
Observable
   
Unobservable
 
   
December 31,
   
Market
   
Inputs
   
Inputs
 
Description
 
2011
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Cash and cash equivalents
 
$
1,067
   
$
1,067
   
$
   
$
 
Derivative Liability
   
(835
)
           
(835
)
       
Total
 
$
232
   
$
1,067
   
$
(835
)
 
$