FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Assets
Restricted cash	$ 4,010,968	$ 4,010,937
Liabilities
Derivative liabilities	3,811,876	2,169,408
Recurring
Assets
Restricted cash	4,010,968	4,010,937
Total financial assets	4,010,968	4,010,937
Liabilities
Derivative liabilities	3,811,876	2,169,408
Total financial liabilities	3,811,876	2,169,408
Recurring | Level 1
Assets
Restricted cash	4,010,968	4,010,937
Total financial assets	4,010,968	4,010,937
Recurring | Level 3
Liabilities
Derivative liabilities	3,811,876	2,169,408
Total financial liabilities	$ 3,811,876	$ 2,169,408