Quarterly report pursuant to Section 13 or 15(d)

8. REDEEMABLE PREFERRED STOCK (Details Textuals)

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8. REDEEMABLE PREFERRED STOCK (Details Textuals) (USD $)
 1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2012
Accretion of redeemable preferred stock dividend       $ (135,284) $ (120,070)  
SeriesAPreferredStockMember
            
Initial conversion price of common stock       $ 0.363    
Dividend Rate       8.00%    
Sold shares with attached Warrant to purchase a common stock       1,628,800    
Common stock price       $ 0.33    
Proceed from sale of shares       1,075,000    
Series A shares were sold at a price       $ 5,000    
Warrant, fair value   287,106   287,106    
Difference between the effective conversion price of shares and the closing price       70,922    
Dividend yield Rate       0.00%    
Expected volatility       123.00%    
Weighted average risk-free interest rate       2.20%    
Expected life       5 years    
Estimated fair value   24.00%        
Attributable to the warrants and beneficial conversion feature, aggregating   358,028   358,028    
Accretion of redeemable preferred stock discount   21,697 17,901 39,598 35,802  
Accretion of redeemable preferred stock dividend   18,454 21,212 36,908 42,424  
Cumulative accrued dividends   39,598   39,598   35,802
SeriesBPreferredStockMember
            
Initial conversion price of common stock       $ 0.13    
Dividend Rate       8.00%    
Sold shares with attached Warrant to purchase a common stock 5,211,542     5,134,626    
Common stock price $ 0.13     $ 0.13    
Proceed from sale of shares 1,355,000     1,335,000    
Series A shares were sold at a price $ 5,000     $ 5,000    
Warrant, fair value 427,895 394,350   394,350    
Difference between the effective conversion price of shares and the closing price       394,350    
Dividend yield Rate 0.00%     0.00%    
Expected volatility 129.00%     123.00%    
Weighted average risk-free interest rate 0.26%     1.76%    
Expected life 36 months     4 years    
Estimated fair value 12.00%     10.90%    
Attributable to the warrants and beneficial conversion feature, aggregating 855,790 788,700   788,700    
Accretion of redeemable preferred stock discount   239,984 157,995 134,774 118,559  
Accretion of redeemable preferred stock dividend   98,376 77,646 49,188 51,298  
Cumulative accrued dividends   $ 120,683   $ 120,683   $ 320,373