Quarterly report pursuant to sections 13 or 15(d)

STOCK WARRANTS (Tables)

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STOCK WARRANTS (Tables)
9 Months Ended
Sep. 30, 2012
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company, all of which were exercisable, at September 30, 2012: 

 

Exercise     Number     Expiration
Price     Outstanding     Date
$ 1.00       305,750     January 2014 to January 2015
  1.25       7,084,542     January 2017 to March 2019
          7,390,292