STOCK-BASED COMPENSATION (Details) (USD $)
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9 Months Ended | 12 Months Ended | 110 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2011
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Stock-based compensation | $ 1,159,911 | $ 655,656 | $ 907,460 | $ 353,340 | $ 2,854,873 |
Employee and Director Stock Option [Member]
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Stock-based compensation | 982,624 | 471,174 | 761,056 | 353,340 | 2,636,745 |
Employee and Director Stock Option [Member] | Research and Development Expense [Member]
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Stock-based compensation | 234,816 | 121,393 | 190,172 | 61,791 | 488,558 |
Employee and Director Stock Option [Member] | General and Administrative Expense [Member]
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Stock-based compensation | 747,808 | 349,781 | 570,884 | 291,549 | 2,148,187 |
Non Employee Consultant Stock Option [Member]
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Stock-based compensation | 177,287 | 184,482 | 146,404 | 0 | 395,415 |
Non Employee Consultant Stock Option [Member] | Research and Development Expense [Member]
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Stock-based compensation | 85,265 | 46,851 | 36,157 | 0 | 121,422 |
Non Employee Consultant Stock Option [Member] | General and Administrative Expense [Member]
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Stock-based compensation | $ 92,022 | $ 137,631 | $ 110,247 | $ 0 | $ 273,993 |