v2.4.0.6

LOSS PER COMMON SHARE - Schedule of Computation of Basic and Diluted loss per share (Details) (USD $) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2012 | Sep. 30, 2011
Numerator for basic and diluted loss per common share: |  |  |  |
Net loss per common share -basic and diluted | $ (1,398,010) | $ (646,660) | $ (3,524,461) | $ (1,461,921)
Denominator for basic and diluted loss per common share: |  |  |  |
Weighted average number of shares Outstanding | 4,298,150 | 3,203,346 | 4,077,600 | 2,657,202
Basic and diluted loss per common share | $ (0.33) | $ (0.20) | $ (0.86) | $ (0.55)

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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References No definition available. + Details
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). + References No definition available. + Details
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