Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Components of the net deferred tax assets (Details)

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INCOME TAXES - Components of the net deferred tax assets (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Deferred tax assets:    
Net operating loss carryforwards $ 8,840,000 $ 9,450,000
Options and warrants not yet deducted, for tax purposes 420,000 990,000
Gross deferred tax assets 9,250,000 10,440,000
Valuation allowance (3,066,000) (3,537,000)
Net deferred tax assets $ 6,194,000 $ 6,903,000