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SHAREHOLDERS' EQUITY (Detail textuals 1) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Stockholders' Equity Note [Abstract]    
Number of common stock share included in each unit issued 1  
Number of non-transferable warrant included in each unit issued 1  
Number of common stock shares purchased under each warrant 0.3221  
Exercise price of warrant $ 14.00  
Amount received for issuance of common stock for warrants exercised $ 4,300,000  
Number of common stock shares issued on exercise of warrants 304,640  
Declared and paid cash dividends on preferred stock $ 82,000 $ 84,000