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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended			147 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Research and development expenses, net (Note 11)	$ 1,986,754	$ 1,920,690	$ 1,789,301	$ 12,463,158
General and administrative expenses (Note 12)	1,041,140	852,908	544,145	4,055,782
Other income				(912)
Operating loss	3,027,894	2,773,598	2,333,446	16,518,028
Financing (income) expenses, net (Note 13)	6,768,959	(1,291)	30,893	8,568,651
Loss for the period	9,796,853	2,772,307	2,364,339	25,086,679
Other comprehensive (income) loss:
Foreign currency translation adjustment	43,777	(13,709)	39,052	52,702
Comprehensive loss for the period	$ 9,840,630	$ 2,758,598	$ 2,403,391	$ 25,139,381
Loss per share (Basic and Diluted) (Note 15)	$ 1.95	$ 0.52	$ 0.46

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