Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
Schedule of Fair Value Assets
    Fair Value Measurements Using:  
   

Quoted Prices

in Active

Markets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
                   
Marketable securities – available for sale, net of discount for effect of restriction   $ -     $ -     $ 6,250  
                         
Schedule of Basic and Diluted Loss Per Share

 

 

 

  For the Three Months ended March 31, 2013     For the Three Months ended March 31, 2012  
             
Loss from continuing operations   $ (714,316 )   $ (2,932,574 )
Gain (loss) from discontinued operations   $ 108,780     $ (27,305 )
                 
Denominator:                
Denominator for basic and diluted loss per share                
(weighted-average shares)     45,546,345       32,894,061  
                 
Loss per common share, basic and diluted:                
Loss from continuing operations   $ (0.02 )   $ ( 0.09 )
Loss from discontinued operations   $ (0.00 )   $ (0.00 )