Quarterly report pursuant to sections 13 or 15(d)

8. FAIR VALUE MEASUREMENTS (Details 1)

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8. FAIR VALUE MEASUREMENTS (Details 1) (Convertible Notes [Member], USD $)
6 Months Ended
Jun. 30, 2013
Convertible Notes [Member]
 
Exercise price $ 15.00
Volatility 49.10%
Risk free interest rate 0.15%
Term (years) 9 months 18 days
Marketability discount 16.80%
Fair value of conversion feature $ 3,710,000