FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Details 3) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Reconciliation of all liabilities
Write -off of derivative liability upon conversion of notes payable		$ 5,526,003
Level 3 | Warrant liabilities
Reconciliation of all liabilities
Balance at beginning of the period		3,276,084
Change in fair value		1,562,115
Balance at end of the period	4,838,199	4,838,199
Level 3 | Warrant liabilities | Other income
Reconciliation of all liabilities
Change in fair value	(928,021)	(1,600,000)
Level 3 | Senior Convertible Note Derivative Liability
Reconciliation of all liabilities
Balance at beginning of the period		5,056,502
Change in fair value		1,633,272
Write-off due to conversion		(6,689,774)
Level 3 | Senior Convertible Note Derivative Liability | Other income
Reconciliation of all liabilities
Change in fair value	1,200,000	1,200,000
Write -off of derivative liability upon conversion of notes payable	$ 5,500,000	$ 5,500,000