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LOSS PER SHARE (Details) (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 15 Months Ended 129 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2007
Dec. 31, 2006
Dec. 31, 2005
Dec. 31, 2004
Dec. 31, 2003
Dec. 31, 2002
Jun. 30, 2012
LOSS PER SHARE [Abstract]                              
Loss for the period $ 737,458 $ 516,657 $ 1,372,411 $ 1,056,921 $ 2,364,339 $ 2,788,446 $ 1,202,296 $ 1,528,981 $ 1,593,205 $ 1,282,842 $ 1,055,594 $ 288,233 $ 350,290 $ 63,293 $ 13,889,930
Number of shares:                              
Weighted average number of shares used in the computation of basic and diluted earnings per share 5,295,543 4,989,720 5,295,543 4,922,582 5,091,330 4,034,706 3,995,805                
Total weighted average number of ordinary shares related to outstanding options and warrants excluded from the calculations of diluted loss per share 600,232 555,764 600,232 555,764 582,732 511,648 109,197