5. GAIN ON DEBT EXTIGUISHMENT (Details Narrative) (USD $)	3 Months Ended	6 Months Ended
Jun. 30, 2012	Jun. 30, 2012
Gain On Debt Extiguishment Details Narrative
Gain on debt extinguishment	$ 1,136,055	$ 1,136,055
Warrants value		$ 231,500
Warrants per share		$ 0.09
Warrants useful life		3 years
Warrants discount rate		4.29%
Warrants volatility rate		228.00%

The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax.

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The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

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