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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 120 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]          
Research and development expenses, net $ 461,077 $ 189,104 $ 1,242,191 $ 678,200 $ 8,008,604
General and administrative expenses 239,169 105,502 493,905 331,854 2,111,494
Other income             (912)
Operating loss 700,246 294,606 1,736,096 1,010,054 10,119,186
Financing expenses, net 8,462 388,133 29,533 1,145,136 1,799,623
Loss for the period $ 708,708 $ 682,739 $ 1,765,629 $ 2,155,190 $ 11,918,809
Basic and diluted loss per share (Note 3) $ 0.14 $ 0.17 $ 0.35 $ 0.54  
Basic and diluted weighted average number of shares outstanding (Note 3) 5,205,640 3,999,998 5,016,935 3,999,998