v2.4.0.6

STOCK BASED COMPENSATION (Details Narrative) (USD $) | 1 Months Ended | 9 Months Ended
--- | --- | ---
May 31, 2012 | Sep. 30, 2012 | Sep. 30, 2011
Stock Compensation Expense |  | $ 808,651 | $ 387,976
RestrictedStockMember |  |  |
Restricted Share Grants Issued as Compensation |  | 540,000 |
Stock Compensation Expense |  | 485,391 | 354,779
WarrantMember |  |  |
Stock Compensation Expense |  | 27,475 | 18,320
OptionMember |  |  |
Stock Compensation Expense |  | 295,785 | 0
Common Shares permitted under 2012 Incentive Plan | 1,667,667 |  |
Options Awarded under 2012 Incentive Compensation Plan | 525,000 |  |
Common Shares Reserved for Option and Warrant Awards | $ 2,090,556 |  |

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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 + Details
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