INCOME TAXES (Details) (USD $)	9 Months Ended
	Sep. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
INCOME TAXES [Abstract]
Effective tax rate for US purposes (in hundredths)	(6.89%)
Income tax expense	$ 3,366,096
Increase in valuation allowance due to uncertainty in realization	3,195,583
Deferred tax assets		3,195,583	4,310,769
Deferred tax assets related to net operating loss			1,115,186
Deferred tax assets, valuation allowance	$ 16,200,000