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MANAGEMENT'S PLANS (Details) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended 30 Months Ended
Sep. 15, 2013
Jun. 30, 2013
Dec. 31, 2012
Nov. 30, 2015
Oct. 31, 2013
MANAGEMENT'S PLANS [Abstract]          
Approximate cash position   $ 3,020,000 $ 3,300,000    
Approximate monthly expenditures   250,000 250,000    
Debt service     0    
Operational funding     2014-04    
Liquidity Arrangement Description     In May 2011, the Company signed an agreement with an instituitonal investor to sell up to $20 million of common stock. The institutional investor has commited to invest up to $20 million in the Company's common stock over a 30-month period with the remaining available amount of $15,300,003. Management believes it has raised sufficient capital to finance its operations through October 2013.    
Liquidity Arrangement - Value Of Third Party Investment     20,000,000    
Remaining Funds Available Under Liquidity Arrangement     13,950,003    
Agreement with an institutional investor to sell common stock and investor committed to invest in common stock (upper limit)       20,000,000 20,000,000
Remaining available amount         13,150,001
Additional funding provided by the exercise of outstanding warrants (Upper Limit), warrants 1,178,750        
Additional funding provided by the exercise of outstanding warrants, exercise price 1 1.00        
Additional funding provided by the exercise of outstanding warrants, exercise price 2 1.25        
Additional funding provided by the exercise of outstanding warrants (Upper Limit) $ 2,285,000   $ 1,500,000    
Warrant expiration date     Sep. 30, 2013