Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT Discount and derivative liability (Details)

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CONVERTIBLE DEBT Discount and derivative liability (Details) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Debt discount against loan $ 500,000 $ 0
Derivative liability recorded 552,988 0
Stock issued under the terms of convertible debt, volatility rate 151.45% 151.49%
Annual rate of dividends 0.00% 0.00%
Risk free interest rate 27.00% 25.00%
Other income of change in fair value of derivative liability $ 24,422 $ 0