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FAIR VALUE (Details 1) (USD $)
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3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
| Fair value of warrants issued in connection with February 2013 public offering | $ 0 | $ 5,720,000 | ||
| Gain on derivatives resulting from change in fair value | 2,020,433 | 1,597,372 | 2,539,239 | 2,263,756 |
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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 | ||
| Gain on derivatives resulting from change in fair value | (2,535,500) | (2,365,000) | ||
| Ending balance - Fair value | $ 819,500 | $ 3,355,000 | $ 819,500 | $ 3,355,000 |