SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended
	May 29, 2014	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014 Senior convertible note	Sep. 30, 2013 Senior convertible note	Sep. 30, 2013 Senior convertible note	Jun. 16, 2013 Senior convertible note	Sep. 30, 2014 Senior convertible note
Deferred Finance Costs
Amortization of deferred financing costs	$ 358,390				$ 0	$ 167,589	$ 51,102	$ 0	$ 745,039
Investments
Amortized cost of debt security		7,989,274	7,989,274	0
Unrealized gain on debt security		15,915	15,915
Fair value of debt security		7,995,804	7,995,804
Non-cash investment income		$ 9,385	$ (9,385)