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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
Investor, Placement Agent1 and Placement Agent2 Warrants [Member]
 
Schedule of Fair Value of Warrants [Table Text Block]

The following tables reflect assumptions used to determine the fair value of the Warrants:

 

     April-June 2011  December 2011 
  

Fair

Value
Hierarchy

Level

  Investor Warrants  Placement Agent
Warrants
  

Placement

Agent
Warrants

 
             
Indexed shares      5,256,800   788,520   788,520 
Exercise price     $1.60  $1.60  $1.25 
                 
Significant assumptions:                
Stock price 3  $0.906  $0.906  $0.906 
Remaining term 3   6 years   6 years   6 years 
Risk free rate 2   2.49%  1.12%  1.12%
Expected volatility 3   53.55%  54.21%  54.21%
Acueity Warrants [Member]
 
Schedule of Fair Value of Warrants [Table Text Block]

The Acueity Warrants were valued at $762,353 or $2.3457 per warrant. The following tables reflect assumptions used to determine the fair value of the Warrants:

 

  Fair
Value
Hierarchy
  September 2012 
  Level  Acueity Warrants 
       
Indexed shares      325,000 
Exercise price     $5.00 
         
Significant assumptions:        
Stock price  3  $5.00 
Remaining term  3   5 years 
Risk free rate  2   0.62%
Expected volatility  3   56.54%