Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Details)

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STOCK-BASED COMPENSATION (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation $ 71,755 $ 273,690 $ 263,545 $ 536,216
Employee and Director Stock Option Grants [Member]        
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation 69,397 271,708 258,089 519,519
Employee and Director Stock Option Grants [Member] | Research and Development [Member]        
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation 40,296 47,274 83,653 110,701
Employee and Director Stock Option Grants [Member] | General and Administrative [Member]        
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation 29,101 176,581 174,436 360,965
Employee and Director Stock Option Grants [Member] | Restructuring Costs [Member]        
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation 0 47,853 0 47,853
Non Employee Consultant Stock Option Grants [Member] | Research and Development [Member]        
Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Line Items]        
Total stock-based compensation $ 2,358 $ 1,982 $ 5,456 $ 16,697