3. NEW ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Sep. 30, 2012

Accounting Changes and Error Corrections [Abstract]

3. NEW ACCOUNTING PRONOUNCEMENTS

The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting.  The Company has reviewed the recently issued pronouncements and concluded that there are no new accounting standards which are applicable to the Company.