Annual report pursuant to section 13 and 15(d)

INCOME TAXES (Details)

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INCOME TAXES (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
Deferred tax assets:    
Research and development credit carryforward $ 6,188 [1] $ 6,188 [1]
Net operating loss carryforwards 9,040,045 5,207,759
Other 383,053 147,003
Total deferred tax assets 9,429,286 5,360,950
Valuation allowance (9,429,286) (5,360,950)
Net deferred tax assets $ 0 $ 0
[1] The Company has incurred research and development (“R&D”) expenses, a portion of which may qualify for tax credits. The Company has not conducted an R&D credit study to quantify the amount of credits and has not claimed an R&D credit on its federal tax returns filed except for $6,188 in 2007. The Company may conduct the study in future years and may establish the R&D credit carryforward for prior years. In such event, the net operating loss carryforward will be correspondingly reduced by the amount of the credit.