v2.4.0.6

LOSS PER COMMON SHARE (Tables)

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted loss per share

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2012				2011				2012				2011
		(unaudited)								(unaudited)
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	)

Schedule of Anti-Delutive Effect

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2012				2011				2012				2011
		(unaudited)								(unaudited)
Warrants			3,811,119				2,492,861				3,811,119				2,492,861
Stock options			1,840,556				787,778				1,840,556				787,778
Convertible notes			2,304,478				1,438,497				2,304,478				1,438,497
Series A Preferred			1,292,492				1,396,742				1,292,492				1,396,742
Series B Preferred			2,993,504				3,051,884				2,993,504				3,051,884
Series C Preferred			451,750				451,750				451,750				451,750
			12,693,899				9,619,512				12,693,899				9,619,512

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations.

+ References

No definition available.

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