Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

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INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]

Intangible assets, net consists of the following at June 30, 2012 and December 31, 2011:

 

    2012     2011  
             
South Africa   $ 548,050     $ 475,376  
Brazil     135,000       -  
Hungary     105,000       -  
      788,050       475,376  
Accumulated amortization     (18,664 )     (5,212 )
    $ 769,386     $ 470,164