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LIQUIDITY (Details) (USD $)
3 Months Ended 12 Months Ended 63 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Mar. 31, 2014
LIQUIDITY [Abstract]        
Net loss $ (357,225) $ (3,078,891)   $ (42,117,381)
Cash used in operating activities (2,375,850) (2,646,730)   (30,669,712)
Working capital 3,926,999     3,926,999
Proceeds pursuant to sale of common stock and issuance of convertible PIK Notes     $ 16,060,000