Quarterly report pursuant to sections 13 or 15(d)

STOCK OPTIONS (Tables)

v2.4.0.8
STOCK OPTIONS (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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