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DERIVATIVE INSTRUMENTS (Details) (USD $)
3 Months Ended
Mar. 31, 2014
item
Mar. 31, 2013
DERIVATIVE INSTRUMENTS    
Increase (decrease) in the fair value of the warrants $ 0 $ 10,449,000
Fair value of derivative warrant liability reclassified to additional paid-in capital   476,000
Redemption of outstanding investor warrants to common stock 11,726,343  
Cash proceeds from warrants exercised $ 15,984,304  
Number of derivative instruments 0