RELATED PARTY TRANSACTIONS (Tables)
 9 Months Ended
Sep. 30, 2012
Schedule of Related Party Transactions [Table Text Block]
 

 

   Nine months     Nine months  
 

 

   September 30, 2012     September 30, 2011  
 

 

            
 

Consulting fees paid or accrued to officers or their companies

 $   278,991   $   300,577  
 

Directors’ fees

 $   25,448   $   25,970  
 

 

            
 

Stock option grants to officers and directors

   —     223,000  
 

Stock option grant price range

 $   —   $   1.90