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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Earnings per share      
Shares of common stock underlying issued and outstanding stock options excluded from calculation of diluted EPS 1,305,847 1,373,345  
Net income (loss) $ (6,213,852) $ (4,132,892) $ 1,418,482
Preferred dividend requirements (916,065) (918,108) (964,047)
Effect of dilutive securities: Convertible debt interest and loan fees     (10,120)
Earnings (loss) applicable to common shareholders $ (7,129,917) $ (5,051,000) $ 454,435
Average common shares outstanding 26,999,698 26,219,728 24,171,238
Dilutive stock equivalents from stock options (in shares)     2,101,825
Shares issuable upon conversion of convertible debt     81,723
Average common and common equivalent shares outstanding - assuming dilution 26,999,698 26,219,728 26,354,786
Basic earnings (loss) per share (in dollars per share) $ (0.26) $ (0.19) $ 0.02
Diluted earnings (loss) per share (in dollars per share) $ (0.26) $ (0.19) $ 0.02