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CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash and Cash Equivalents [Line Items]        
Cash and cash equivalents $ 2,270,385 $ 2,673,719 $ 781,516 $ 1,398,985
Short-term investments 2,985,000 2,240,000    
Total 5,255,385 4,913,719    
(Decrease) Increase in cash and cash equivalents (403,334) 1,892,203 (617,469)  
(Decrease) Increase in short-term investments 745,000      
(Decrease) Increase in cash and cash equivalents and short term investments $ 341,666