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FAIR VALUE (Details 1) (USD $)
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3 Months Ended | 137 Months Ended | 3 Months Ended | 12 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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Mar. 31, 2014
Fair Value, Inputs, Level 3 [Member]
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Dec. 31, 2013
Fair Value, Inputs, Level 3 [Member]
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||
| Beginning balance - fair value | $ 3,355,000 | $ 0 | |||
| Fair value of warrants issued in connection with February 2013 public offering | 0 | 5,720,000 | 5,720,000 | 0 | 5,720,000 |
| (Gain)/loss on derivatives resulting from change in fair value | (54,945) | 6,043 | 2,272,984 | 55,000 | (2,365,000) |
| Ending balance - fair value | $ 3,410,000 | $ 3,355,000 | |||