RELATED PARTY TRANSACTIONS (Details Textual) (USD $)
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3 Months Ended | 12 Months Ended | 67 Months Ended | 70 Months Ended | ||
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Mar. 31, 2013
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Mar. 31, 2012
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2012
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Mar. 31, 2013
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Related Party Transaction, Expenses from Transactions with Related Party | $ 62,500 | $ 76,250 | ||||
Interest Expense | 3,155 | |||||
Debt Conversion, Original Debt, Amount | 0 | 0 | 320,000 | 0 | 820,000 | 820,000 |
Proceeds from Convertible Debt | 0 | 0 | 390,000 | 1,501,000 | 1,891,000 | 1,891,000 |
Notes [Member]
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Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||||
Proceeds from Convertible Debt | 500,000 | |||||
Related Party [Member]
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Proceeds from Interest Received | 6,183 | |||||
Related Party [Member] | Consulting Service Agreement [Member]
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Contractual Obligation | 250,000 | |||||
Management [Member] | Promissory Notes [Member]
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Debt Conversion, Original Debt, Amount | 320,000 | |||||
Debt Conversion, Converted Instrument, Type | promissory notes | |||||
Debt Conversion, Converted Instrument, Amount | 320,000 | |||||
Management [Member] | Debentures [Member]
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Debt Instrument, Convertible, Conversion Price | $ 6.00 | $ 6.00 | ||||
Debt Conversion, Original Debt, Amount | 320,000 | |||||
Debt Conversion, Converted Instrument, Type | Debentures | |||||
Debt Conversion, Converted Instrument, Amount | 390,000 | |||||
January 2012 Financing [Member] | Consulting Service Agreement [Member]
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Related Party Transaction, Expenses from Transactions with Related Party | $ 300,583 | $ 294,750 |
X | ||||||||||
- Definition
Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. No definition available.
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X | ||||||||||
- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The type of the financial instrument that the original debt is being converted into (for example, new debt, common stock, preferred stock, etc.) in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest received on loans and other debt instruments during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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