NET LOSS PER COMMON SHARE DATA (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted net loss attributable to common stockholders per common share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Net loss	$	(1,855,044	)	$	(3,059,137	)	$	(4,179,866	)	$	(8,778,319	)
Denominator:
Weighted average common shares outstanding		8,384,708			8,005,820			8,384,708			7,872,767
Basic and diluted net loss per common share	$	(0.22	)	$	(0.38	)	$	(0.50	)	$	(1.12	)

Schedule of equivalent shares excluded from the calculation of diluted loss per share

	Nine Months Ended September 30,
	2013		2012
Options to purchase common stock		3,412,000		913,333
Warrants		4,129,827		2,215,680
Restricted stock		122,167		122,167