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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (Recurring, USD $)
Dec. 31, 2013
Dec. 31, 2012
Level 1
   
Financial assets:    
Marketable securities $ 55,002 $ 180,415
Total 55,002 180,415
Level 2
   
Financial liabilities:    
Derivative liability 14,800,000 22,400,000
Total $ 14,800,000 $ 22,400,000