Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Schedule of Fair Value Assets
Investment measured at fair value on a recurring basis at September 30, 2013:

   
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

The following table sets forth the computation of basic and diluted loss per share:

 

   

For the Three Months ended

September 30, 2013

   

For the Three Months ended

September 30, 2012

   

For the Nine

Months ended

September 30, 2013

    For the Nine Months ended September 30, 2012  
Numerator:                        
Loss from continuing operations   $ (1,080,527 )   $ (1,806,369 )   $ (2,614,815 )   $ (5,022,923 )
Loss from discontinued operations   $ 145,207     $ (96,921 )   $ 263,460     $ (1,426,846 )
                                 
Denominator:                                
Denominator for basic and diluted loss per share                                
(weighted-average shares)     5,227,840       2,605,776       4,330,208       2,717,610  
                                 
Loss per common share, basic and diluted:                                
Loss from continuing operations   $ (0.21 )   $ (0.69 )   $ (0.60 )   $ (1.85 )
Loss from discontinued operations   $ 0.03     $ (0.04 )   $ 0.06     $ (0.53)