Annual report pursuant to section 13 and 15(d)

INCOME TAXES (Details Textual)

v2.4.0.8
INCOME TAXES (Details Textual) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Income Tax [Line Items]    
Valuation Allowance, Deferred Tax Asset, Change in Amount $ 4,068,336 $ 2,891,718
Research Tax Credit Carryforward [Member]
   
Income Tax [Line Items]    
Tax Credit Carryforward, Amount 6,188  
Newyork Tax Authority [Member]
   
Income Tax [Line Items]    
Operating Loss Carryforwards 20,600,000  
Operating Loss Carry forward Expiration Dates expiring from 2030 to 2033  
Federal Tax Authority [Member]
   
Income Tax [Line Items]    
Operating Loss Carryforwards 20,800,000  
Operating Loss Carry forward Expiration Dates expire from 2027 to 2033  
New Jersey Tax Authority [Member]
   
Income Tax [Line Items]    
Operating Loss Carryforwards $ 14,800,000  
Operating Loss Carry forward Expiration Dates expire from 2014 to 2033