NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Unrealized loss on marketable securities	$ (28,000)	$ 1,435,600
Loss on equity method investment in related party	(234,581)	(37,623)
Total other expense	1,496	8,787
Net loss	(789,129)	(2,021,794)
Net loss attributable to common stockholders	(789,129)	(2,621,794)
Consolidated [Member] | As Previously Reported [Member]
Unrealized loss on marketable securities		(1,730,600)
Loss on equity method investment in related party
Total other expense		(1,834,810)
Net loss		(2,279,171)
Net loss attributable to common stockholders		(2,879,171)
Consolidated [Member] | As Revised [Member]
Unrealized loss on marketable securities		(1,435,600)
Loss on equity method investment in related party		(37,623)
Total other expense		(1,577,455)
Net loss		(2,021,794)
Net loss attributable to common stockholders		$ (2,621,794)