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DERIVATIVE INSTRUMENTS (Details 2) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
May 17, 2013
New Warrants
May 17, 2013
Merger Warrants
May 17, 2013
Placement Agent Warrants
Class of Warrant or Right                  
Extended term of warrant             2 years    
Warrants to purchase shares of common stock tendered and exchange               255,000 3,064,091
Warrants issued             3,319,091    
Incremental fair value from warrant modification     $ 764,769       $ 764,769    
Fair value of derivative warrant liability reclassified to additional paid-in capital 25,241,401 476,426 33,456,147 3,408,738 1,239,539   7,738,320    
Derivative instruments, fair value     0 14,584,818 35,473,230 10,647,190      
Warrant derivative loss     $ (18,871,329) $ 17,479,674 $ (26,065,579)