Derivative Warrant Liability

12 Months Ended

Dec. 31, 2011

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

NOTE 8 DERIVATIVE WARRANT LIABILITY

The Company has 840,454 warrants outstanding that require liability classification because of certain provisions that may result in an adjustment to their exercise price (Note 11). The liability has been adjusted to fair value. The adjustments decreased liability (and increased other income) by $216,000 and $1,021,039 for the years ended December 31, 2011 and 2010, respectively.