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LIQUIDITY AND CAPITAL RESOURCES (Details) (USD $)
6 Months Ended 1 Months Ended 6 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2012
Minimum
item
Jul. 31, 2012
2013 Notes
holder
Feb. 29, 2012
2013 Notes
holder
Jun. 30, 2012
2013 Notes
item
holder
Dec. 31, 2011
2013 Notes
Liquidity and capital resources                  
Cash and cash equivalents $ 42,417,045 $ 57,225,234 $ 37,126,006 $ 38,155,251          
Principal amount           8,277,850   11,782,000 20,782,000
Interest rate (as a percent)           3.125%   3.125%  
Number of shares issued in exchange for cancellation for debt           1,784,070 1,868,055 1,868,054  
Number of holders of debt instrument to whom shares are issued by the entity           2 1 1  
Principal amount of debt cancelled           3,504,150 9,000,000 9,000,000  
Accrued and unpaid interest payable on cancellation of debt           $ 20,686      
Number of new LibiGel Phase III efficacy trials               2  
Number of products or technologies licensed by the entity as an alternative to raising additional financing         1