NOTE 11 - DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of the embedded derivative liability grant date

Grant Date			Fair Value		Term (Years)		Assumed Conversion Price		Market Price on Grant Date		Volatility Percentage			Risk-free Rate
	3	/20/13	$	3,315,510		3.0	$	0.326	$	0.465		238	%		0.0038

Grant Date			Fair Value		Term (Years)		Exercise Price		Market Price on Grant Date		Volatility Percentage			Risk-free Rate
	3	/20/13	$	2,092,336		5.0	$	0.50	$	0.465		238	%		0.0038

Fair value of the derivative liabilites

Fair Value		Term (Years)		Assumed Conversion Price		Volatility Percentage			Risk-free Rate
$	2,316,636		2.72	$	0.328		247	%		0.0036

Fair Value		Term (Years)		Exercise Price		Volatility Percentage			Risk-free Rate
$	1,483,705		4.72	$	0.50		247	%		0.0036