SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Warrants granted (in shares)				309,670
Weighted average exercise price of warrants granted (in dollars per share)		$ 8.54		$ 8.54
Fair Value Measurements
Fair value adjustment	$ 22,856	$ 288,321	$ 494,986	$ 193,471
Warrants
Fair Value Measurements
Balance at the beginning of the period			687,580	1,674,170
Warrants issued				1,552,707
Fair value adjustment			(494,986)	(193,471)
Balance at the end of the period	$ 192,594	$ 3,033,406	$ 192,594	$ 3,033,406
Estimated stock price	$ 2.00	$ 8.70	$ 2.00	$ 8.70
Increase or decrease in input which would not result in a material change in estimate (as a percent)			1.00%