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NATURE OF BUSINESS, ORGANIZATION AND GOING CONCERN (Details Textual) (USD $)
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3 Months Ended | 137 Months Ended | ||
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Mar. 31, 2014
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Mar. 31, 2013
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Mar. 31, 2014
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Dec. 31, 2013
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| Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Line Items] | ||||
| Deficit accumulated during the development stage | $ 54,002,981 | $ 54,002,981 | $ 51,059,568 | |
| Net Income (Loss) Attributable to Parent, Total | (2,943,413) | (3,453,879) | (54,002,981) | |
| Certificates of Deposit, at Carrying Value | 55,000 | 55,000 | 55,000 | |
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | 11,027,310 | 11,027,310 | 16,527,310 | |
| Convertible Debt, Fair Value Disclosures | $ 3,120,000 | $ 3,120,000 | ||
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- Details
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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
Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cumulative net losses reported during the development stage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 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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