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CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Cash and cash equivalents $ 2,320,437 $ 1,571,064 $ 2,673,719 $ 781,516
Short-term investments 2,985,000   2,240,000  
Total 5,305,437   4,913,719  
Increase (Decrease) in cash and cash equivalents (353,282) 789,548    
Increase (Decrease) in short term investments 745,000      
Increase (Decrease) in cash and cash equivalents and short term investments $ 391,718