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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Earnings Per Share [Abstract]        
Net income (loss) $ (604,630) $ 846,872 $ (1,319,059) $ 2,570,829
Preferred dividend requirements (229,527) (342,217) (459,054) (684,434)
Effect of dilutive securities: Convertible debt interest and loan fees       (613)
Earnings (loss) applicable to common shareholders $ (834,157) $ 504,655 $ (1,778,113) $ 1,885,782
Average common shares outstanding 25,318,700 24,004,118 25,318,700 23,995,116
Dilutive stock equivalents from stock options (in shares)   2,184,958   2,443,619
Shares issuable upon conversion of convertible debt       134,778
Average common and common equivalent shares outstanding - assuming dilution 25,318,700 26,189,076 25,318,700 26,573,513
Basic earnings (loss) per share (in dollars per share) $ (0.03) $ 0.02 $ (0.07) $ 0.08
Diluted earnings (loss) per share (in dollars per share) $ (0.03) $ 0.02 $ (0.07) $ 0.07