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DERIVATIVE WARRANT LIABILITY | 12 Months Ended
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Dec. 31, 2012
DERIVATIVE WARRANT LIABILITY |
DERIVATIVE WARRANT LIABILITY | NOTE 9 – DERIVATIVE WARRANT LIABILITY On May 27, 2008 and on May 30, 2008, the Company issued warrants to purchase 1,250,000 shares of common stock at $2.80 per share and warrants to purchase 300,000 shares of common stock at $2.98 per share, respectively, exercisable for a period of three years. These warrants contained certain pricing reset provisions which caused the warrants to be treated as a derivative. These warrants were never exercised and expired on May 27, 2011. Changes to the warrant derivative liability were recognized in the results of operations and resulted in derivative gains of $0 and $934,260 for the years ended December 31, 2012 and 2011, respectively.

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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. + References No definition available. + Details
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