Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITY AS FOLLOWS (Details)

v2.4.0.6
DERIVATIVE LIABILITY AS FOLLOWS (Details) (USD $)
Dec. 31, 2012
May 08, 2012
Apr. 04, 2012
Dec. 31, 2011
Dec. 01, 2011
Recorded a derivative liability $ 1,026,128 $ 507,916 $ 496,375   $ 552,988
Closing stock price $ 0.19 $ 0.29 $ 0.29 $ 0.25 $ 0.17
Expected volatility of 151.75% 140.93% 143.36% 151.49% 151.45%
Contractual life of the note in years 0.92 1.57 1.66 1.92 2
An annual rate of dividends 0.00% 0.00% 0.00% 0.00% 0.00%
A risk free interest rate of 0.26% 0.25% 0.25% 0.25% 0.27%
Recognized other income $ 506,729       $ 24,422