INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the effective income tax rate to the Federal statutory rate is as follows:

	2013		2012
Federal Income Tax Rate	(34.0)	%	(34.0)	%
State Income Tax, Net of Federal Benefit	(5.94)	%	(5.94)	%
Change in valuation allowance	39.94	%	39.94	%
Sale of New Jersey NOL	(46.0)	%	(34.0)	%
Effective Income Tax Rate	(46.0)	%	(34.0)	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are summarized as follows:

	December 31,
	2013		2012
Deferred tax assets		23,165,000		21,190,000
Less: Valuation Allowance		(23,165,000)		(21,190,000)
Net Deferred Tax Assets	$	-	$	-