Quarterly report pursuant to sections 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v2.4.0.6
SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2012
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 nine months ended September 30, 2012 were as follows:

 

Risk-free interest rate     1.87 %
Expected term of option     6.5 years  
Expected stock price volatility     95.89 %
Expected dividend yield   $ 0.0