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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
 6 Months Ended
Jun. 30, 2013
Common Stock [Member]
  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Share price $ 2.77 [1]
Preferred Stock [Member]
  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Share price $ 4.27
Warrant [Member]
  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Dividend yield 1.00%
Expected volatility 96.66% [2]
Risk free interest rate 0.90%
Expected term of options 5 years [3]
Exercise price $ 6.96
Fair value of Detachable Warrant $ 1.53
[1] The fair value per share of the Company's Common Stock was based on an external appraisal of the Common Stock.
[2] Due to the low trading volume of the Company's Common Stock, the expected volatility was based on the historic volatility of public companies which operate in the same industry sector.
[3] Due to the fact that the Company does not have sufficient historical exercise data, the expected term was determined based on the "simplified method" in accordance with Staff Accounting Bulletin No. 110.