Annual report pursuant to section 13 and 15(d)

Related Party

Related Party
12 Months Ended
Dec. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
During 2011 and 2010, the Company paid consulting fees to a company that is owned by its Chief Executive Officer amounting to $100,000 and $206,000, respectively. These fees were paid pursuant to the terms of a two-year support services contract that was in place prior to the CEO’s employment.  In addition, in 2010, the Company granted that entity 5,633,335 warrants, after reset adjustment in 2011, for services valued at $4,951,114 upon issuance.  No warrants were issued for services in 2011.