Annual report pursuant to section 13 and 15(d)

INCOME TAXES (Details Textual)

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INCOME TAXES (Details Textual) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Valuation Allowance, Deferred Tax Asset, Change in Amount $ 2,891,718 $ 1,380,642
Research Tax Credit Carryforward [Member]
   
Tax Credit Carryforward, Amount 6,188  
Tax Credit Carry Forward Expiration Dates1 expires in 2027  
Newyork Tax Authority [Member]
   
Operating Loss Carryforwards 4,100,000  
Operating Loss Carryforwards, Expiration Dates expiring from 2030 to 2032  
Federal Tax Authority [Member]
   
Operating Loss Carryforwards $ 11,400,000  
Operating Loss Carryforwards, Expiration Dates expire from 2027 to 2032  
New Jersey Tax Authority [Member]
   
Operating Loss Carryforwards, Expiration Dates expire from 2014 to 2019