FAIR VALUE MEASUREMENTS (Details 2) (USD $)	12 Months Ended		13 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012
In-process research and development	$ 2,797,600	$ 3,902,300	$ 2,797,600
Impairment of in-process research and development	(1,104,700)	0	(1,104,700)
Impairment Charge [Member]
In-process research and development	(1,104,700)		(1,104,700)
Impairment of in-process research and development	(1,104,700)		(1,104,700)
Fair Value, Inputs, Level 1 [Member] | Nonrecurring [Member]
In-process research and development	0		0
Assets, Fair Value Disclosure, Nonrecurring	0		0
Fair Value, Inputs, Level 2 [Member] | Nonrecurring [Member]
In-process research and development	0		0
Assets, Fair Value Disclosure, Nonrecurring	0		0
Fair Value, Inputs, Level 3 [Member] | Nonrecurring [Member]
In-process research and development	2,797,600		2,797,600
Assets, Fair Value Disclosure, Nonrecurring	$ 2,797,600		$ 2,797,600