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LOSS PER SHARE (Details) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended 116 Months Ended 122 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Jun. 30, 2012
Numerator:                
Net loss available in basic and diluted calculation $ (2,135,775) $ (388,106) $ (2,849,142) $ (864,819) $ (4,486,879) $ (1,352,709) $ (11,868,956) $ (14,718,098)
Denominator:                
Weighted average common shares outstanding-basic 54,656,895 22,659,526 44,619,113 19,630,580 24,282,433 12,771,683 5,805,714 7,920,827
Effect of dilutive stock options and warrants (1)   0 [1] 0 [1]   0 0 0  
Weighted average common shares outstanding-diluted 54,656,895 22,659,526 44,619,113 19,630,580 24,282,433 12,771,683 5,805,714 7,920,827
Loss per common share-basic and diluted $ (0.04) $ (0.02) $ (0.06) $ (0.04) $ (0.18) $ (0.11) $ (2.04) $ (1.86)
[1] The number of shares underlying options and warrants outstanding as of June 30, 2012 and June 30, 2011 are 32,408,692 and 24,679,688 respectively. The effect of the shares that would be issued upon exercise of such options and warrants has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.