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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended			123 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Research and development expenses, net (Note 11)	$ 1,789,301	$ 934,056	$ 1,005,108	$ 8,555,714
General and administrative expenses (Note 12)	544,145	457,495	165,156	2,161,734
Other income		(912)		(912)
Operating loss	2,333,446	1,390,639	1,170,264	10,716,536
Financing expenses, net (Note 13)	30,893	1,397,807	32,032	1,800,983
Loss for the year	$ 2,364,339	$ 2,788,446	$ 1,202,296	$ 12,517,519
Loss per share (Basic and Diluted) (Note 15)	$ 0.46	$ 0.7	$ 0.3
Weighted average number of shares outstanding (Basic and Diluted) (Note 15)	5,091,330	4,034,706	3,995,805

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