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MANAGEMENT'S PLANS (Details) (USD $) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2013 | Jun. 30, 2013
MANAGEMENT'S PLANS [Abstract] |  |
Approximate cash position |  | $ 2,000,000
Approximate monthly expenditures | 270,000 |
Agreement with an institutional investor to sell common stock and investor committed to invest in common stock (upper limit) | 20,000,000 |
Remaining available amount | 19,343,840 |
Debt Service |  |
Operational Funding | 2014-09 |
Number of options outstanding for additional funding |  | 1,441,000
Exercise price of option one |  | 0.34
Exercise price of option two |  | 0.72
Estimated proceeds from options exercises | $ 873,000 |
Warrants expiration date | 2014 |

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- Definition An agreement between the Company and an institutional investor for the Company to sell up to a certain amount of common stock and the investor to invest up to the same amount of common stock. + References No definition available. + Details
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- Definition The amount of cash that a company has on its books at a specific point in time. The cash position is a sign of financial strength and liquidity. In addition to cash itself, it will often take into consideration highly liquid assets such as certificates of deposit, short-term government debt and other cash equivalents. + References No definition available. + Details
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- Details
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