LICENSE AGREEMENTS (Details Textual) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	22 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013
License Agreement [Line Items]
Upfront Licenses Revenue Payment Received					$ 2,000,000
License revenue	38,096	0	114,286	0		133,334
Deferred Revenue	1,867,000		1,867,000			1,867,000
Additional Amount Receivable On Achievement Of Pre Specified Milestones			5,000,000
Income taxes	0	0	0	0	330,000	330,000
Current portion of deferred revenue	$ 152,381		$ 152,381		$ 152,381	$ 152,381