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DERIVATIVE WARRANT LIABILITY (Details) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
DERIVATIVE WARRANT LIABILITY    
Beginning balance $ 5,585,141 $ 1,035,237
Warrants issued under Montaur credit facility    6,000,000
Total unrealized losses included in net loss 1,061,682 500,000
Total realized losses included in net loss    1,438
Total unrealized gains included in net loss (5,515,000) [1] (595,038) [1]
Total realized gains included in net loss (152,668) [1] (107,681) [1]
Reclassification of derivative warrant liability to additional paid-in capital for derivative warrants exercised    (61,520)
Ending balance $ 979,155 $ 6,772,536
[1] Included in Gain (Loss) on Revaluation of Derivative Warrant Liability in the Consolidated Statement of Operations.