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) (Series B Preferred Stock, USD $)
Mar. 31, 2013
Dec. 31, 2012
Series B Preferred Stock
   
Accrued and unpaid dividends, amount $ 5,120,000 $ 5,852,000
Shares issued in lieu of dividend payment 139,000  
Value of shares issued in lieu of dividend payment $ 732,000 $ 5,852,000