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RELATED PARTY TRANSACTIONS (Details) (USD $)
1 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2010
Mar. 31, 2010
Sep. 30, 2012
Dec. 31, 2011
Dr.Hunkapiller [Member]
       
Date of grant     Apr. 04, 2011 Apr. 04, 2011
Fair value of common stock on date of grant     $ 0.906 [1] $ 0.906 [1]
Exercise price of the options     $ 1.25 $ 1.25
Expected life of the options (years)     5 years 3 months 22 days 5 years 3 months 22 days
Dividend yield     0.00% 0.00%
Expected volatility     54.12% 54.12%
Risk-free interest rate     2.26% 2.26%
Expected forfeiture per year (%)     0.00% 0.00%
Weighted-average fair value of the options (per unit)     0.3729 0.3729
Chief Executive Officer and Chief Technology Officer [Member]
       
Date of grant     Jul. 22, 2010 Jul. 22, 2010
Fair value of common stock on date of grant $ 6.00 $ 3.00 $ 2.756 [2] $ 2.756 [2]
Exercise price of the options     $ 5.00 $ 5.00
Expected life of the options (years)     3 years 3 months 29 days 3 years 3 months 29 days
Dividend yield     0.00% 0.00%
Expected volatility     58.59% 58.59%
Risk-free interest rate     1.03% 1.03%
Expected forfeiture per year (%)     0.00% 0.00%
Weighted-average fair value of the options (per unit)     0.6744 0.6744
Employees and Officers [Member]
       
Date of grant     Sep. 01, 2011 Sep. 01, 2011
Fair value of common stock on date of grant     $ 0.906 [1] $ 0.906 [1]
Exercise price of the options     $ 1.25 $ 1.25
Expected life of the options (years)     5 years 7 months 24 days 5 years 7 months 24 days
Dividend yield     0.00% 0.00%
Expected volatility     53.90% 53.90%
Risk-free interest rate     1.08% 1.08%
Expected forfeiture per year (%)        [3]    [3]
Weighted-average fair value of the options (per unit)     0.3579 0.3579
Non Employee Director [Member] | Stock Option One [Member]
       
Date of grant     Sep. 01, 2011 Sep. 01, 2011
Fair value of common stock on date of grant     $ 0.906 [1] $ 0.906 [1]
Exercise price of the options     $ 1.25 $ 1.25
Expected life of the options (years)     5 years 7 months 24 days 5 years 7 months 24 days
Dividend yield     0.00% 0.00%
Expected volatility     53.90% 53.90%
Risk-free interest rate     1.08% 1.08%
Expected forfeiture per year (%)     0.00% 0.00%
Weighted-average fair value of the options (per unit)     0.3579 0.3579
Non Employee Director [Member] | Stock Option Two [Member]
       
Date of grant     Apr. 30, 2012  
Fair value of common stock on date of grant     $ 6 [4]  
Exercise price of the options     $ 6.00  
Expected life of the options (years)     5 years  
Dividend yield     0.00%  
Expected volatility     62.46%  
Risk-free interest rate     0.89%  
Expected forfeiture per year (%)     0.00%  
Weighted-average fair value of the options (per unit)     3.0367  
[1] The fair value of the Company's common stock was derived implicitly from the Private Placement during April through June 2011 at $1.25 per Unit, wherein one Unit was comprised of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $1.60 per share.
[2] The fair value of the Company's common stock was derived implicitly from the public offering filed in March 2010 at $3.00 per share and from the terms of an underwritten offering contemplated in July 2010 at $6.00 per Unit that was filed in October 2010, with $2.756 per share being allocated to common stock using an iterative approach in order for the combined fair value of the common stock and warrants to equal the amount of consideration to be received in the offering.
[3] 0.00% for the first year after the grant date, and 2.50% for every three months thereafter.
[4] The fair value of the Company's common stock was derived implicitly from the public offering filed in February 2012 at $6.00 per share.