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OTHER CURRENT ASSETS (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Other Current Assets    
Prepaid research and development costs $ 1,940,675 $ 189,375
Deferred financing costs 656,008   
Prepaid consulting 519,762 432,216
Other receivables-related party (Note 11) 221,109   
Prepaid insurance 68,846 127,403
Other prepaid costs 13,304   
Prepaid guaranty costs    2,944
TOTAL OTHER CURRENT ASSETS $ 3,419,704 $ 751,938