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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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| Accounting Policies [Line Items] | ||
| Restricted Cash and Cash Equivalents | $ 2,000,000 | |
| Certificates of Deposit, at Carrying Value | 55,000 | 55,000 |
| Long Term Restricted Asset | 2,000,000 | |
| Property, Plant and Equipment, Useful Life | 5 years | |
| Lease Term | 3 years | |
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | 16,527,310 | 27,310 |
| Deferred Financing Costs | 0 | 70,539 |
| Cash, Uninsured Amount | $ 2,165,000 | |
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Leasehold Improvements [Member]
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| Accounting Policies [Line Items] | ||
| Property, Plant and Equipment, Useful Life | 17 years |
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- Details
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- Definition
Amount of incremental direct costs associated with the issuance of the Company's common stock which are deferred as of the reporting date. No definition available.
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- Definition
Represent lease term during the reporting period. No definition available.
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- Definition
Represents the proceeds from contract, designated for use towards the construction of manufacturing facility and recorded as long term restricted asset. No definition available.
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- Definition
The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition
A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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