XML 68 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Earnings per share        
Stock options excluded from calculation of diluted EPS     500,000 500,000
Net loss $ (2,438,736) $ (604,630) $ (3,848,269) $ (1,319,059)
Preferred dividend requirements (228,999) (229,527) (458,067) (459,054)
Loss applicable to common shareholders $ (2,667,735) $ (834,157) $ (4,306,336) $ (1,778,113)
Average common shares outstanding 27,042,370 25,318,700 27,140,433 25,318,700
Average common and common equivalent shares outstanding - assuming dilution 27,042,370 25,318,700 27,140,433 25,318,700
Basic loss per share (in dollars per share) $ (0.10) $ (0.03) $ (0.16) $ (0.07)
Diluted loss per share (in dollars per share) $ (0.10) $ (0.03) $ (0.16) $ (0.07)