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LOSS PER SHARE (Details) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended 15 Months Ended 141 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
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, 2013
LOSS PER SHARE [Abstract]                                
Loss for the period $ 576,597 $ 737,458 $ 1,920,192 $ 1,372,411 $ 2,772,307 $ 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 $ 17,210,018
Dividend on Preferred Stock 87,069    102,819                           
Loss for the period attributable to common stockholders $ 663,666 $ 737,458 $ 2,023,011 $ 1,372,411                        
Number of shares:                                
Weighted average number of shares used in the computation of basic and diluted earnings per share 5,297,693 5,295,543 5,363,302 5,295,543                         
Total weighted average number of common shares related to outstanding convertible preferred stock, options and warrants excluded from the calculations of diluted loss per share 3,422,551 [1] 600,232 [1] 3,422,551 [1] 600,232 [1]                        
[1] All outstanding convertible preferred stock , stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, since the effect of the common shares issuable as a result of the exercise or conversion of these instruments was anti-dilutive.