Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT beneficial conversion feature (Details)

v2.4.0.6
CONVERTIBLE DEBT beneficial conversion feature (Details) (USD $)
3 Months Ended
Mar. 31, 2012
Deferred debt discount $ 332,000
Beneficial conversion feature and recorded the amount 130,264
Fair value of the warrants (201,736)
Volatility Rate 154.35%
Annual rate of dividends. 0.00%
Risk free interest rate. 0.22%
Non-cash finance charges (in connection with $ 332000 in convertible notes) 293,282
Matured Amount of 1% convertible debentures $ 47,500