8. REDEEMABLE PREFERRED STOCK (Details Narrative) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Series A Preferred Stock
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Amortization of preferred stock discount | $ 17,508 | $ 17,901 | $ 57,106 | $ 53,703 |
Accrued dividends on preferred stock | 18,660 | 19,832 | 55,568 | 62,256 |
Cumulative accrued dividends | 232,416 | 158,188 | 232,416 | 158,188 |
Series B Preferred Stock
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Amortization of preferred stock discount | 222,488 | 105,210 | 462,472 | 263,205 |
Accrued dividends on preferred stock | 49,730 | 51,381 | 148,106 | 129,027 |
Cumulative accrued dividends | $ 370,103 | $ 172,064 | $ 370,103 | $ 172,064 |
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- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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