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RELATED PARTY TRANSACTIONS (Details Textual) (USD $)
 0 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended
Mar. 11, 2014
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Opus [Member]
Jan. 30, 2012
LFB Group [Member]
Jun. 30, 2014
LFB Group [Member]
Jun. 30, 2013
LFB Group [Member]
Dec. 31, 2013
LFB Group [Member]
Related Party Transaction [Line Items]                      
Stock Issued During Period, Shares, New Issues 2,702,809             5,000,000      
Other research and development   $ 2,336,771 $ 4,661,455 $ 4,845,029 $ 5,876,657       $ 183,000 $ 4,035,000  
Accounts Payable                 760,000   1,745,000
Number Of Common Stock Shares Granted In Connection With License Agreement By Issue Of Warrants               2,500,000      
Common Stock Purchase Price Per Share               $ 0.001      
Costs and Expenses, Related Party             40,000        
Prepaid Research And Development   $ 3,976,742   $ 3,976,742   $ 1,742,824     $ 2,810,175   $ 1,629,340
Royalty Revenue Description             Opus Point Partners, LLC, who identified the opportunity and advised the Company on the transaction, will be entitled to receive a 1% royalty for annual sales of up to $1 billion.