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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Earnings per share        
Stock options excluded from calculation of diluted EPS 1,640,480 666,899 1,076,523 759,620
Net loss $ (940,384) $ (272,961) $ (4,788,653) $ (1,592,020)
Preferred dividend requirements (228,999) (229,527) (687,066) (688,581)
Loss applicable to common shareholders $ (1,169,383) $ (502,488) $ (5,475,719) $ (2,280,601)
Weighted average common shares outstanding - basic and diluted 26,719,608 26,972,818 27,000,158 25,870,073
Basic loss per share (in dollars per share) $ (0.04) $ (0.02) $ (0.20) $ (0.09)
Diluted loss per share (in dollars per share) $ (0.04) $ (0.02) $ (0.20) $ (0.09)