v2.4.0.6
NOTES RECEIVABLE (Details)
0 Months Ended 3 Months Ended
Feb. 25, 2013
Nov. 26, 2012
USD ($)
Jul. 12, 2012
USD ($)
Jul. 12, 2012
RUB
Mar. 31, 2013
USD ($)
Mar. 31, 2012
USD ($)
Mar. 31, 2013
RUB
Dec. 31, 2012
USD ($)
Aug. 16, 2012
USD ($)
Aug. 16, 2012
RUB
As of December 31, 2012, the Company had net notes receivable of approximately $5.8 million as follows:                    
RM Invest         $ 257,372   8,000,000 $ 5,188,934    
Infratont Equities, Inc.   1,791,475     1,191,475     1,791,475    
Less: Allowance for loan losses         (891,475)     (891,475)    
Total note receivable, net         557,372     6,088,934    
RM Invest                    
Maximum lending exposure under lending agreement     7,000,000 200,000,000         9,800,000 300,000,000
Interest rate     10.00% 10.00%            
Maturity date under agreement Oct. 01, 2013   Oct. 31, 2012 Oct. 31, 2012            
Effective interest rate earned     40.00% 40.00%            
Receivable from RM Invest         257,372   8,000,000 5,188,934    
Collections from notes receivable         5,531,562           
Infratont Equities, Inc.                    
Receivable from Infratont Equities, Inc.   $ 1,791,475     $ 1,191,475     $ 1,791,475    
Maturity date under agreement   Nov. 15, 2013                
Interest rate   1.75%