Quarterly report pursuant to Section 13 or 15(d)

INTERIM FINANCIAL STATEMENTS (Details)

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INTERIM FINANCIAL STATEMENTS (Details) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
INTERIM FINANCIAL STATEMENTS [Abstract]    
Cash and liquid investments $ 20,431,000  
Working capital 19,636,000  
Stockholders' equity 20,246,498 $ 23,685,123
Accumulated deficit $ 101,044,482 $ 96,824,874