EQUITY TRANSACTIONS (Tables)

3 Months Ended

Sep. 30, 2012

Equity [Abstract]

Schedule of Outstanding Convertible Preferred Stock

		September 30, 2012												December 31, 2011
						(Unaudited)

Convertible Preferred Stock		Number of Preferred Shares				Number of Common Shares if Converted				Weighted Average Conversion Price				Number of Preferred Shares				Number of Common Shares if Converted				Weighted Average Conversion Price

Series A Preferred			1,406				1,292,492			$	1.09				1,556				1,396,742			$	0.95
Series B Preferred			5,384				2,993,504			$	1.80				5,409				3,007,404			$	1.80
Series C Preferred			813				451,750			$	1.80				813				451,750			$	1.80
Total			7,603				4,737,746			$	1.61				7,778				4,855,896			$	1.51

Schedule of Warrants Issued

		Number of Shares				Weighted Average Exercise Price

Outstanding and Exercisable at December 31, 2011			3,227,402			$	1.03

Granted (unaudited)			333,716			$	1.51
Exercised (unaudited)			-			$	-
Cancelled, forfeited or expired (unaudited)			-			$	-

Outstanding and Exercisable at September 30, 2012 (unaudited)			3,561,118			$	1.08

Schedule of Warrants Outstanding and Exercisable

		Outstanding												Exercisable

Range of Exercise Price		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Life (Years)				Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Life (Years)

$0.09			1,083,333			$	0.09				6.75				1,083,333			$	0.09				6.75

$1.26 - $1.52			2,477,785			$	1.51				3.52				2,477,785			$	1.51				3.52