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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Series A Preferred Stock
       
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
       
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