Quarterly report pursuant to sections 13 or 15(d)

10. RELATED PARTY TRANSACTIONS (Details Narrative)

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10. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Related Party Transactions Details Narrative          
Accrued and paid cash dividends in respect of its Series B Preferred Stock $ 315,000   $ 630,000    
Accrued but did not pay cash dividends   315,000   627,000  
Accrued and unpaid dividends in respect of its Series B Preferred Stock 7,315,000   7,315,000   7,315,000
Note payable to its Chief Executive Officer $ 750,000   $ 750,000   $ 750,000