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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
3 Months Ended
Mar. 31, 2014
Common Stock [Member]
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Share price $ 8.50 [1]
Warrant [Member]
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]  
Dividend yield   
Expected volatility 105.14% [2]
Risk free interest rate 1.36%
Expected term of options 3 years 11 months 12 days [3]
Exercise price $ 6.96
Fair value $ 6.29
[1] The fair value per share of the Company's Common Stock as of March 31, 2014 was based on the management's estimate which was based among other factors on the price per share of the Company's Common Stock, as reported on the OTC Bulletin Board, during the reported period.
[2] Due to the low trading volume of the Company's Common Stock, the expected volatility was based on the historical volatility of the share price of other public companies that operate in the same industry sector as the Company.
[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.