Quarterly report pursuant to sections 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

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SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)
9 Months Ended 64 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Proceeds From Issuance Of Common Stock and Warrants Net Of Expenses $ 4,387,894    
Stock Issued During Period, Value, Conversion Of Convertible Securities $ 1,925,000 $ 0 $ 1,925,000
Warrants Issued During Period To Purchase Common Stock 7,390,292    
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount 3,500,000