STOCK-BASED COMPENSATION (Details) (USD $)
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3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 0 Months Ended | |||||||||
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Jun. 30, 2013
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
Stock Options [Member]
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Jun. 30, 2012
Stock Options [Member]
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Jun. 30, 2013
Stock Options [Member]
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Jun. 30, 2012
Stock Options [Member]
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Jun. 30, 2013
Director [Member]
Stock Options [Member]
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Jun. 30, 2012
Director [Member]
Stock Options [Member]
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Jun. 30, 2013
Director [Member]
Stock Options [Member]
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Jun. 30, 2012
Director [Member]
Stock Options [Member]
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Jun. 30, 2013
Mr. Hatem El Khalidi [Member]
Stock Options [Member]
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Jun. 30, 2013
Mr. Hatem El Khalidi [Member]
Stock Options [Member]
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Jun. 30, 2012
Mr. Hatem El Khalidi [Member]
Stock Options [Member]
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May 29, 2013
Simon Upfill-Brown [Member]
Stock Options [Member]
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Fair value of the warrants granted calculated using the Black-Scholes valuation model, Assumptions [Abstract] | ||||||||||||||||||
Expected volatility (in hundredths) | 85.00% | |||||||||||||||||
Expected dividends | ||||||||||||||||||
Expected term (in years) | 6 years 3 months | |||||||||||||||||
Risk free interest rate (in hundredths) | 1.326% | |||||||||||||||||
Stock Options [Roll Forward] | ||||||||||||||||||
Outstanding at beginning of period (in shares) | 1,173,180 | |||||||||||||||||
Granted (in shares) | 90,000 | 90,000 | ||||||||||||||||
Exercised (in shares) | (9,320) | |||||||||||||||||
Expired (in shares) | 0 | |||||||||||||||||
Cancelled (in shares) | 0 | |||||||||||||||||
Forfeited (in shares) | 0 | |||||||||||||||||
Outstanding at end of period (in shares) | 1,253,860 | 1,253,860 | ||||||||||||||||
Exercisable, end of period (in shares) | 449,189 | 449,189 | 1,093,180 | 428,356 | 428,356 | |||||||||||||
Weighted Average Exercise Price Per Share [Roll Forward] | ||||||||||||||||||
Outstanding at beginning of period (in dollars per share) | $ 4.04 | |||||||||||||||||
Granted (in dollars per share) | $ 7.71 | |||||||||||||||||
Exercised (in dollars per share) | $ 4.71 | |||||||||||||||||
Expired (in dollars per share) | $ 0 | |||||||||||||||||
Cancelled (in dollars per share) | $ 0 | |||||||||||||||||
Forfeited (in dollars per share) | $ 0 | |||||||||||||||||
Outstanding at end of period (in dollars per share) | $ 4.30 | $ 4.30 | ||||||||||||||||
Exercisable, end of period (in dollars per share) | $ 3.55 | $ 3.55 | ||||||||||||||||
Weighted Average Remaining Contractual Life [Abstract] | ||||||||||||||||||
Outstanding, weighted average remaining contractual life | 7 years 2 months 12 days | |||||||||||||||||
Exercisable, weighted average remaining contractual life | 6 years 4 months 24 days | |||||||||||||||||
Directors fees and expenses related to options to purchase shares | 94,000 | 63,000 | 189,000 | 126,000 | ||||||||||||||
Compensation expense | 548,000 | 12,000 | [1] | 119,000 | 122,000 | 238,000 | 252,000 | 24,000 | 49,000 | 2,400 | ||||||||
Vesting period | 4 years | 4 years | ||||||||||||||||
Common Stock, issued (in shares) | 100,000 | 100,000 | ||||||||||||||||
Post retirement compensation reversed | 413,000 | |||||||||||||||||
Number of shares post retirement compensation reversed (in shares) | 200,000 | |||||||||||||||||
Strike Price (in dollars per share) | $ 10 | $ 10 | ||||||||||||||||
Warrant Term | 5 years | |||||||||||||||||
Vesting percentage (in hundredths) | 50.00% | 25.00% | ||||||||||||||||
Vesting of warrant in year one, Description | equal increments of 1/12th each calendar month throughout the first year | |||||||||||||||||
Vesting of warrant thereafter, Description | equal increments of 1/36th each calendar month over years 2 through 4 contingent upon continuous investor relations service under the consulting agreement | |||||||||||||||||
Investor relations expense | $ 42,000 | $ 71,000 | ||||||||||||||||
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