SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Accounting Policies [Abstract]    
Redeemable Noncontrolling Interest Considered Level Three

As of September 30, 2012 and December 31, 2011 the Company’s redeemable noncontrolling interest is considered a level 3 item and changed during nine months ended September 30, 2012 as follows:

 

Balance at December 31, 2011 $852,531 
Net loss attributable to noncontrolling interest  (2,775)
Balance at September 30, 2012 $849,756

As of December 31, 2011 and 2010, the Company’s redeemable noncontrolling interest is considered a level 3 item and changed during 2010 and 2011 due to the following:

 

Balance as of January 1, 2010 $- 
Redeemable noncontrolling interest  750,000 
Balance as of December 31, 2010  750,000 
Accretion of noncontrolling interest  112,500 
Net loss attributable to noncontrolling interest  (9,969)
Balance at December 31, 2011 $852,531