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FAIR VALUES OF ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2013
FAIR VALUES OF ASSETS AND LIABILITIES  
Summary of assets and liabilities measured at fair value on a recurring basis

 

 

 
   December 31, 2012  
 
   Level 1   Level 2   Level 3   Fair Value  

Liabilities:

                          

Derivative warrant liability

   $ —   $ 14,584,818   $ —   $ 14,584,818  
                   
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