Quarterly report pursuant to sections 13 or 15(d)

STOCK OPTIONS (Tables)

v2.4.0.6
STOCK OPTIONS (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2013 were as follows:

 

Risk-free interest rate     2.02 %
Expected term of option     6.0 years  
Expected stock price volatility     99.96 %
Expected dividend yield   $ 0.0