Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITIES (Tables)

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DERIVATIVE LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value Assumptions Derivative Liability
The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model during:
 
 
 
The Nine Months Ended
September 30, 2012
 
 
 
 
 
Expected volatility
    236% - 241%  
Expected term
   
2 Years
 
Risk-free interest rate
    0.17% - 0.77%  
Expected dividend yield
    0%