3. Summary of Significant Accounting Policies (Details 2) (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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Numerator: | ||||
Net loss | $ (509,692) | $ (758,181) | $ (1,572,599) | $ (1,591,546) |
Accrued dividend for Preferred Stock | (394,430) | (109,537) | (418,884) | (242,628) |
Beneficial conversion feature for Preferred Stock | (304,823) | (304,823) | ||
Deemed dividend on warrant modifications | (185,544) | (185,544) | ||
Net loss applicable to common shareholders | $ (1,089,666) | $ (1,172,541) | $ (2,176,987) | $ (2,138,997) |
Denominator for basic and diluted loss per share: | ||||
Weighted average common stock shares outstanding | 10,197,850 | 2,874,305 | 10,352,461 | 2,867,381 |
Loss per common share - basic and diluted | $ (0.11) | $ (0.41) | $ (0.21) | $ (0.75) |
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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