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FIXED ASSETS (Tables)
9 Months Ended
Sep. 30, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]

Fixed assets consisted of the following at December 31:

 

  2011  2010 
       
Office and laboratory equipment $3,069,889  $2,984,375 
Computer software  4,000    
Leasehold improvements  2,324,672   2,317,597 
Total fixed assets  5,398,561   5,301,972 
Less accumulated depreciation and amortization  (2,353,996)  (1,791,483)
Fixed assets, net $3,044,565  $3,510,489