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LIQUIDITY AND CAPITAL RESOURCES (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2013
Minimum
item
Mar. 31, 2013
Maximum
Mar. 31, 2013
2013 Notes
Dec. 31, 2012
2013 Notes
Liquidity and capital resources                
Cash and cash equivalents $ 29,388,772 $ 34,794,341 $ 49,473,732 $ 57,225,234        
Principal amount             $ 8,277,850 $ 8,277,850
Interest rate (as a percent)             3.125%  
Number of Company products or technologies which may be licensed to a third party         1      
Period for which cash and cash equivalents will meet liquidity requirements         3 years 5 years