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INCOME TAX (Reconciliation of Statutory Tax Rate to the Effective Income Tax Rate) (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INCOME TAX [Abstract]      
Pretax loss $ (9,796,853) $ (2,772,307) $ (2,364,339)
Federal tax rate 35.00% 35.00% 35.00%
Tax expense reported in the financial statements:      
Income tax benefit computed at the ordinary tax rate (3,428,899) (970,307) (827,519)
Non-deductible expenses 21,250 4,553 4,885
Stock-based compensation 10,570 122,333 132,325
Amortization of warrants with down round protection 2,324,760    
Tax in respect of differences in corporate tax rates 253,942 277,231 236,434
Losses and timing differences in respect of which no deferred taxes assets were recognized 818,377 566,190 453,875
Tax expense reported in the financial statements