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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Earnings per share        
Stock options excluded from calculation of diluted EPS     1,900,000 500,000
Net loss $ (1,389,823) $ (2,438,736) $ (3,428,215) $ (3,848,269)
Preferred dividend requirements (228,999) (228,999) (457,998) (458,067)
Loss applicable to common shareholders $ (1,618,822) $ (2,667,735) $ (3,886,213) $ (4,306,336)
Average common shares outstanding 27,332,483 27,042,370 27,295,586 27,140,433
Average common and common equivalent shares outstanding - assuming dilution 27,332,483 27,042,370 27,295,586 27,140,433
Basic loss per share (in dollars per share) $ (0.06) $ (0.10) $ (0.14) $ (0.16)
Diluted loss per share (in dollars per share) $ (0.06) $ (0.10) $ (0.14) $ (0.16)