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FAIR VALUE MEASUREMENTS (Details 1) (USD $)
9 Months Ended
Sep. 30, 2013
Fair Value, Measurement Changes In Level 3 Instruments [Line Items]  
Fair value at December 31, 2012 $ 2,479,098
Interest accrued on face value of 5% Notes 662,775
Change in fair value of Level 3 liabilities (872,827)
Fair value at September 30, 2013 $ 2,269,046