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CONVERTIBLE DEBT (PIK NOTES) (Details) (USD $)
12 Months Ended 60 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
CONVERTIBLE DEBT (PIK NOTES) [Abstract]        
Financing received $ 10,500,000      
Rate of convertible debt (in hundredths) 10.00%     10.00%
Common stock conversion price (in dollars per share) $ 1.40     $ 1.40
Convertible shares (in shares) 7,500,000     7,500,000
Period before notes are mandatorily convertible 1 year      
Number of trading days after notes are mandatorily convertible 10 days      
Estimated fair value of the conversion feature 2,055,000     2,055,000
Term of note 10 years      
Fair value of the PIK Note Derivative 2,250,000 0   2,250,000
Loss on the fair value of the PIK Note Derivative 195,000 0 0 195,000
Amortization of debt discount relating to the PIK Notes Payable 41,583      
Payable carrying value $ 8,486,583 $ 0   $ 8,486,583