Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

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INCOME TAXES (Details 2) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Net operating loss carryforwards $ 2,538,400 $ 1,660,200
Capital loss carryforwards 630,100 630,100
Investments (80,400) (86,700)
Foreign operations 274,236 103,300
Total deferred tax assets 3,362,336 2,306,900
Valuation allowance (3,362,336) (2,306,900)
Net deferred tax assets $ 0 $ 0