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COMMON STOCK OPTIONS (Details Textuals) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Feb. 11, 2011
Common stock options additional details        
Shares reserved under stock option plans       6,475,750
Stock option expense $ 1,351,452      
Number of options exercised      (1,115,000)  
Weighted average fair value of options granted $ 0.52      
Weighted average remaining contract life, exercisable options 5 years 8 months 4 days      
Weighted average remaining contract life, outstanding options 6 years 8 months 1 day      
Aggregate intrinsic value of options 252,000      
Unrecognized compensation cost related to non-vested options 969,000      
Weighted average period of non vested options 8 years 11 months 15 days      
Risk free rate assumed 2.42% 3.90%    
Expected volatility rate 77.40% 117.00%    
Average term 5 years      
Chief Executive Officer [Member]
       
Common stock options additional details        
Number of shares received as options 400,000      
Exercise price $ 0.75      
Fair value of share options $ 200,763      
Vesting period 4 years      
Stock options to CEO, Description These options were adjusted for the exchange ratio and post merger the options are exercisable into 600,000 shares of common stock at $0.50 (aggregate fair value of $671,520) per share with one-quarter vesting annually.      
Director [Member]
       
Common stock options additional details        
Number of shares received as options 450,000      
Number of options exercised 900,000      
Director 1 [Member]
       
Common stock options additional details        
Number of shares received as options 161,250      
Number of options exercised 215,000