Quarterly report pursuant to Section 13 or 15(d)

8. REDEEMABLE PREFERRED STOCK (Details Narrative)

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8. REDEEMABLE PREFERRED STOCK (Details Narrative) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Series A Preferred Stock
   
Amortization of Series A discount and costs $ 17,508 $ 17,901
Accrued dividends 18,253 18,454
Cumulative accrued dividends 269,329 195,302
Series B Preferred Stock
   
Amortization of Series A discount and costs 88,488 105,210
Accrued dividends 48,648 49,188
Cumulative accrued dividends $ 468,481 $ 271,185