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COMMITMENTS AND CONTINGENCIES (Detail Textuals 3) - USD ($)
6 Months Ended
Dec. 02, 2014
Jun. 30, 2015
Dec. 31, 2014
Commitments And Contingencies [Line Items]      
Initial period   24 months  
Additional cash bonus earned as Clinical Trial and Fundraising Bonus or a License Event Bonus   10.00%  
Number of options granted   103,025  
Exercise price of fully vested options (in dollars per share)   $ 4.563  
Number of options outstanding   1,890,824 1,788,717
Exercise price per share of options   $ 7.062 $ 7.059
Minimum      
Commitments And Contingencies [Line Items]      
Annual excess milestone payments   $ 2,000,000  
Executive Options | Andrew Ritter and Ira Ritter      
Commitments And Contingencies [Line Items]      
Number of fully vested options 20,979    
Exercise price of fully vested options (in dollars per share) $ 5.86    
Number of options outstanding 432,434    
Vesting percentage of option 25.00%    
Options vesting period 36 months    
Executive Options | Andrew Ritter and Ira Ritter | Share-based Compensation Award, Tranche One      
Commitments And Contingencies [Line Items]      
Number of fully vested options 152,347    
Exercise price of fully vested options (in dollars per share) $ 5.86    
Executive Options | Andrew Ritter and Ira Ritter | Share-based Compensation Award, Tranche Two      
Commitments And Contingencies [Line Items]      
Number of fully vested options 140,044    
Exercise price of fully vested options (in dollars per share) $ 9.30    
Executive Options | Andrew Ritter and Ira Ritter | Share-based Compensation Award, Tranche Three      
Commitments And Contingencies [Line Items]      
Exercise price of fully vested options (in dollars per share) $ 13.23    
Executive Options | Non-employee directors | Three years vesting period      
Commitments And Contingencies [Line Items]      
Number of options granted 1,398    
Options vesting period 3 years    
Executive Options | Non-employee directors | One year vesting period      
Commitments And Contingencies [Line Items]      
Number of options granted 979    
Options vesting period 1 year    
Executive Options | Andrew Ritter      
Commitments And Contingencies [Line Items]      
Number of options granted 453,413    
Executive Options | Ira Ritter      
Commitments And Contingencies [Line Items]      
Number of options granted 453,413