CAPITAL TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2012

CAPITAL TRANSACTIONS [Abstract]

Schedule of Warrants Outstanding and Exercisable

	Number Outstanding	Range of Exercise Price	Number Exercisable
Balance, December 31, 2011	400,000	$0.60	400,000
Issued	-	-	-
Expired	-	-	-
Forfeited	-	-	-
Balance, June 30, 2012	400,000	$0.60	400,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Fair Value of Options Using Black-Scholes Model

Expected volatility 115.31%

Expected lives 3.5 -5 Years

Risk-free interest rate 0.4%-0.89%

Expected dividend yield None

Schedule of Stock Options Outstanding and Exercisable

	Number Outstanding	Range of Exercise Price	Number Exercisable
Balance, December 31, 2011	12,850,000	-	12,850,000
Issued	950,000	$0.20	950,000
Expired	(1,000,000)	$(0.40)	(1,000,000)
Forfeited	-	-	-
Balance, June 30, 2012	12,800,000	$0.17	12,800,000

Schedule of Stock Options Outstanding

Exercise Price	Number Outstanding at June 30, 2012	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number Exercisable at June 30, 2012	Weighted Average Exercise Price
0.15	5,800,000	6.63	0.15	5,800,000	0.15
0.18	6,050,000	4.73	0.18	6,050,000	0.18
0.20	950,000	4.78	0.20	950,000	0.20
Total	12,800,000	-	-	12,800,000	-

Employee And Consultant Grants [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Fair Value of Options Using Black-Scholes Model

Expected volatility 115.31%

Expected lives 5 Years

Risk-free interest rate 0.86%

Expected dividend yield None