Atossa Therapeutics (ATOS) 10-Q 12 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'ATOSSA GENETICS INC	'
Entity Central Index Key	'0001488039	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ATOS	'
Entity Common Stock, Shares Outstanding	'	24,564,058
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets	'	'
Cash and cash equivalents	$14,298,491	$6,342,161
Accounts receivable, net	48,155	139,072
Prepaid expense	325,346	280,627
Inventory, net	1,910	0
Total current assets	14,673,902	6,761,860
Furniture and equipment, net	127,741	163,147
Intangible assets, net	4,454,185	4,395,633
Deferred financing costs	501,961	651,961
Security deposit	61,309	36,446
Total assets	19,819,098	12,009,047
Current liabilities	'	'
Accounts payable	790,184	248,142
Accrued expenses	226,642	399,478
Deferred rent	21,372	48,157
Payroll liabilities	508,646	476,477
Product recall liabilities	12,028	211,493
Other current liabilities	4,622	23,649
Total current liabilities	1,563,494	1,407,396
Stockholders' Equity	'	'
Preferred stock - $.001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	0	0
Common stock - $.001 par value; 75,000,000 shares authorized, 24,444,058 and 18,574,334 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	24,444	18,574
Additional paid-in capital	44,347,281	31,099,691
Accumulated deficit	-26,116,121	-20,516,614
Total stockholders' equity	18,255,604	10,601,651
Total liabilities and stockholders' equity	$19,819,098	$12,009,047

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized	75,000,000	75,000,000
Common stock, shares issued	24,444,058	18,574,334
Common stock, shares outstanding	24,444,058	18,574,334

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue	'	'	'	'
Diagnostic testing service	$9,875	$120,488	$33,999	$289,718
Product sales	0	205,590	0	219,030
Total Revenue	9,875	326,078	33,999	508,748
Cost of Revenue	'	'	'	'
Diagnostic testing service	0	2,356	0	49,955
Product sales	0	219,804	0	238,669
Total Cost of Revenue	0	222,160	0	288,624
Gross Profit	9,875	103,918	33,999	220,124
Selling expenses	223,385	319,390	461,223	591,965
Research and development expenses	510,767	189,955	933,270	410,147
General and administrative expenses	2,462,256	2,177,920	4,236,964	3,742,792
Total operating expenses	3,196,408	2,687,265	5,631,457	4,744,904
Operating Loss	-3,186,533	-2,583,347	-5,597,458	-4,524,780
Interest income	0	0	143	0
Interest expense	1,443	352	2,192	359
Loss before Income Taxes	-3,187,976	-2,583,699	-5,599,507	-4,525,139
Income Taxes	0	0	0	0
Net Loss	($3,187,976)	($2,583,699)	($5,599,507)	($4,525,139)
Loss per common share - basic and diluted (in dollars per share)	($0.23)	($0.17)	($0.24)	($0.32)
Weighted average shares outstanding, basic & diluted (in shares)	24,430,346	14,808,728	23,515,576	14,120,962

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit during Development Stage [Member]
Balance at Dec. 31, 2013	$10,601,651	$18,574	$31,099,691	($20,516,614)
Balance (in shares) at Dec. 31, 2013	'	18,574,334	'	'
Issuance of common shares for cash	14,002,162	5,834	13,996,328	0
Issuance of common shares for cash (in shares)	'	5,834,234	'	'
Issuance of common shares for services	0	23	-23	0
Issuance of common shares for services (in shares)	'	22,731	'	'
Financing fees from 2014 Public Offering	-1,078,417	0	-1,078,417	0
Amortization of deferred financing costs	-150,000	0	-150,000	0
Issuance of Common shares upon exercise of warrants	32,000	20	31,980	0
Issuance of Common shares upon exercise of warrants (in shares)	'	20,000	'	'
Employees option exercise and cancellation of restricted stock grants	50,000	-7	50,007	0
Employees option exercise and cancellation of restricted stock grants (in shares)	'	-7,241	'	'
Compensation cost for stock options granted to executives and employees	397,715	0	397,715	0
Net loss for the six months ended June 30, 2014	-5,599,507	0	0	-5,599,507
Balance at Jun. 30, 2014	$18,255,604	$24,444	$44,347,281	($26,116,121)
Balance (in shares) at Jun. 30, 2014	'	24,444,058	'	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($5,599,507)	($4,525,139)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Common shares issued for services	0	181,798
Compensation cost for stock options granted	397,715	1,011,820
Inventory Write-downs	0	20,323
Depreciation and amortization	252,924	226,643
Bad debt expense	64,759	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	26,158	-378,759
Inventory	-1,910	-20,323
Prepaid expenses	-129,719	-36,526
Security deposits	-24,863	-47,500
Accounts payable	542,042	-16,822
Payroll liabilities	32,169	-11,123
Deferred rent	-26,785	72,537
Accrued expenses	-172,836	47,327
Product recall liabilities	-199,465	0
Other current liabilities	-19,027	31,654
Net cash used in operating activities	-4,858,345	-3,444,090
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchase of furniture & fixtures	-20,629	-81,370
Purchase of software	-170,441	-8,500
Net cash used in investing activities	-191,070	-89,870
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Net proceeds from issuance of common stock and warrants	13,005,745	4,248,275
Net cash provided by financing activities	13,005,745	4,248,275
NET INCREASE IN CASH & CASH EQUIVALENTS	7,956,330	714,315
CASH & CASH EQUIVALENTS, BEGINNING BALANCE	6,342,161	1,725,197
CASH & CASH EQUIVALENTS, ENDING BALANCE	14,298,491	2,439,512
SUPPLEMENTAL DISCLOSURES:	'	'
Interest paid	2,192	359
NONCASH INVESTING AND FINANCING ACTIVITIES:	'	'
Reclassification of furniture and equipment to prepaid expenses	15,000	0
Common stock issued as commitment fee under stock purchase agreement	$0	$2,387,250

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	NOTE 1: NATURE OF OPERATIONS
	Atossa Genetics Inc. (the “Company”) was incorporated on April 30, 2009 in the State of Delaware. The Company was initially formed to develop and market the Mammary Aspirate Specimen Cytology Test System, a modified breast pump, which is a medical device that collects specimens of nipple aspirate fluid (NAF).   The current version of the medical device is called the ForeCYTE Breast Aspirator.  The Company’s fiscal year ends on December 31st.
	In December 2011, the Company established The National Reference Laboratory for Breast Health, Inc., or NRLBH, as a wholly-owned subsidiary. NRLBH is the Company’s CLIA-certified laboratory which performs our NAF cytology testing on NAF specimens including those collected with our breast aspirator. The NRLBH is developing other tests such as the ArgusCYTE test, NextCYTE test and FullCYTE test.
	In September 2012, the Company acquired the assets of Acueity Healthcare, Inc. (“Acueity”). The purchased assets included intellectual property rights related to the Viaduct Miniscope and accessories, the Manoa Breast Biopsy system, the Excisor Bioptome, the Acueity Medical Light Source, the Viaduct Microendoscope and accessories, and cash in the amount of $400,000. No liabilities were assumed by Atossa and Atossa assumed no future financial obligations. In consideration for the assets, Atossa provided the following consideration to the shareholders of Acueity:  862,500 shares of common stock, valued at $5.00 per share, and warrants to purchase up to 325,000 shares of common stock at an exercise price of $5.00 per share, valued at $2.3457 per warrant, using a Black-Scholes-Merton Valuation Technique. The acquired patents relate to intraductal diagnostic and therapeutic devices and methods of use. The Company did not, however, acquire an inventory of these diagnostic tools, manufacturing capabilities or any personnel to market and sell the tools. The Company cannot provide any assurance that it will be successful commercializing these tools.
	Since its inception, the Company has been dependent upon the receipt of capital investment to fund its continuing activities. In addition to the normal risks associated with a new business venture, there can be no assurance that the Company’s business plan will be successfully executed. The Company’s ability to execute its business plan will depend on its ability to obtain additional financing and achieve a profitable level of operations. There can be no assurance that sufficient financing will be obtained. Further, the Company cannot give any assurance that it will generate substantial revenue or that its business operations will prove to be profitable.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2014
Going Concern Disclosure [Abstract]	'
Going Concern Disclosure [Text Block]	'
	NOTE 2: GOING CONCERN
	The Company’s condensed consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	Management’s Plan to Continue as a Going Concern
	In order to continue as a going concern, the Company will need additional capital resources. Management’s plans to obtain such resources for the Company include (1) obtaining capital from the sale of its equity securities, (2) sales of the ForeCYTE Breast Aspirator, (3) laboratory services, and (4) short-term or long-term borrowings from banks, stockholders or other party(ies) when needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually to secure other sources of financing and attain profitable operations.

SUMMARY_OF_ACCOUNTING_POLICIES

SUMMARY OF ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 3: SUMMARY OF ACCOUNTING POLICIES
	Basis of Presentation:
	The accompanying condensed consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), have been condensed or omitted pursuant to those rules and regulations. The Company believes disclosures made are adequate to make the information presented not misleading. In the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary to fairly state the financial position, results of operations and cash flows with respect to the interim condensed consolidated financial statements have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire fiscal year. Reference is made to the Company’s audited annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2013, which contain information useful to understanding the Company's business and financial statement presentations. The Condensed Consolidated Balance Sheet as of December 31, 2013 was derived from the Company's most recent audited financial statements, but does not include all disclosures required by GAAP for a yearend balance sheet. The Company’s significant accounting policies and practices are presented as Note 3 to the consolidated financial statements included in the Annual Report. The accompanying condensed consolidated financial statements include the financial statements of Atossa Genetics Inc. and its wholly-owned subsidiary NRLBH. All significant intercompany account balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in accordance with GAAP in the United States of America.
	Use of Estimates:
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
	Recently Issued Accounting Pronouncements:
	The Company has adopted all recently issued accounting pronouncements that management believes to be applicable to the Company.
	In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers: Topic 606 (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 is effective for the Company in the first quarter of 2017 using either of two methods: (i) retrospective to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) retrospective with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined per ASU 2014-09. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its condensed consolidated financial statements.
	In June 2014, FASB issued ASU 2014-10, Elimination of Development Stage Entity Requirements. This ASU eliminates the concept of Development Stage Entities (DSE’s) from U.S. GAAP and is intended to result in cost-savings for certain entities, such as start-ups or research and development entities. As a result of these changes: the financial statements of developing entities no longer need to meet the inception-to-date income cash flow and equity information; developing companies do not have to label their financial statements as “development stage”; and certain disclosures related to the nature of the entity’s development stage activities are no longer required. The Company adopted the provisions of this ASU beginning with the quarter ended June 30, 2014.
	Reclassification:
	The prior period deferred financing costs have been reclassified to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.
	Certain prior period accrued expenses have been reclassified as accounts payable to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.

PREPAID_EXPENSES

PREPAID EXPENSES	6 Months Ended
	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Prepaid Expenses [Text Block]	'
	NOTE 4: PREPAID EXPENSES
	Prepaid expenses consisted of the following:
		June 30,		December 31,
		2014		2013
	Tradeshow and other marketing events	$	153,000	$	-
	Prepaid insurance		89,970		112,517
	Prepaid hardware and software		36,876		131,204
	Retainer and security deposits		29,500		36,906
	Other		16,000		-
		$	325,346	$	280,627

FURNITURE_AND_EQUIPMENT

FURNITURE AND EQUIPMENT	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 5: FURNITURE AND EQUIPMENT
	Property, plant furniture and equipment consisted of the following:
		June 30,		December 31,
		2014		2013
	Machinery and equipment	$	347,453	$	326,824
	Leasehold improvements		93,665		93,665
	Capitalized new product development costs		-		15,000
	Less: Accumulated depreciation		-155,085		-114,050
	Less: Allowance for loss on impairment		-158,292		-158,292
	Furniture and equipment, net	$	127,741	$	163,147
	Depreciation expense for the three months ended June 30, 2014 and 2013 were $19,864 and $30,668, respectively, and $41,035 and $35,536 for the six month periods then ended.

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	NOTE 6: INTANGIBLE ASSETS
	Intangible assets consisted of the following:
		June 30,		December 31,
		2014		2013
	Patents	$	4,794,853	$	4,794,853
	Capitalized license costs		200,000		-
	Software		176,280		105,839
	Less: Accumulated amortization		-716,948		-505,059
		$	4,454,185	$	4,395,633
	Intangible assets amounted to $4,454,185 and $4,395,633 as of June 30, 2014 and December 31, 2013, respectively, and consisted of patents, capitalized license costs and software acquired. The acquired software mainly consisted of $58,000 in laboratory software, $31,500 in the newly developed Company website and $70,400 in internal use SAP Business One ERP system which is under development.  The amortization period for the purchased software is three years. Amortization expense related to software for the three months ended June 30, 2014 and 2013 was $9,466 and $4,913, respectively, and $18,227 and $9,591 for the six month periods then ended.
	Patents amounted to $4,794,853 as of June 30, 2014 and December 31, 2013, respectively, and mainly consisted of patents acquired from Acueity on September 30, 2012 in an asset purchase transaction. Patent assets are amortized based on their determined useful life, and tested annually for impairment. The amortization period is from 9 to 14 years. Amortization expenses related to patents was $93,498 and $186,995 for the three months and six months ended June 30, 2014. Amortization expenses for patents was $92,216 and $181,514 for the three months and six months ended June 30, 2013.
	Capitalized license costs consist of fees paid to A5 Genetics KFT, Corporation, pursuant to which the Company received the world-wide (other than the European Union) exclusive license to use the software in the NextCYTE test. Amortization expense related to license costs were $4,999 and $6,667 for the three and six months ended June 30, 2014, respectively.
	Future estimated amortization expenses as of June 30, 2014 for the five succeeding years is as follows:
	For the Year Ending December 31,	Amounts
	2014 (includes the remainder of the year)	$	212,137
	2015		435,692
	2016		428,431
	2017		411,600
	2018		393,990
	Thereafter		2,572,335
		$	4,454,185

PAYROLL_LIABILITIES

PAYROLL LIABILITIES	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	NOTE 7: PAYROLL LIABILITIES
	Payroll liabilities consisted of the following:
		June 30,		December 31,
		2014		2013
	Accrued bonus payable	$	410,449	$	408,362
	Accrued payroll liabilities		85,457		48,232
	Accrued payroll tax liabilities		12,740		19,883
		$	508,646	$	476,477

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 8: STOCKHOLDERS’ EQUITY
	The Company is authorized to issue a total of 85,000,000 shares of stock consisting of 75,000,000 shares of Common Stock, par value $0.001 per share, and 10,000,000 shares of Preferred Stock, par value $0.001 per share. The Company has designated 750,000 shares of Series A Junior Participating Preferred Stock, par value $0.001 per share through the filing of certificate of designation with the Delaware Secretary of State.
	On May 19, 2014, the Company adopted a stockholder rights agreement which provides that all stockholders of record on May 26, 2014 received a non-taxable distribution of one preferred stock purchase right for each share of the Company’s common stock held by such stockholder. Each right is attached to and trades with the associated share of common stock. The rights will become exercisable only if one of the following occurs: (1) a person becomes an “Acquiring Person” by acquiring beneficial ownership of 15% or more of the Company’s common stock (or, in the case of a person who beneficially owned 15% or more of the Company’s common stock on the date the stockholder rights agreement was executed, by acquiring beneficial ownership of additional shares representing 2.0% of the Company’s common stock then outstanding (excluding compensatory arrangements) or (2) a person commences a tender offer that, if consummated, would result in such person becoming an Acquiring Person. If a person becomes an Acquiring Person, each right will entitle the holder, other than the Acquiring Person and certain related parties, to purchase a number of shares of the Company’s common stock with a market value that equals twice the exercise price of the right. The initial exercise price of each right is $15.00, so each holder (other than the Acquiring Person and certain related parties) exercising a right would be entitled to receive $30.00 worth of the Company’s common stock. If the Company is acquired in a merger or similar business combination transaction at any time after a person has become an Acquiring Person, each holder of a right (other than the Acquiring Person and certain related parties) will be entitled to purchase a similar amount of stock of the acquiring entity.
	2014 Public Offering of Common Stock and Warrants
	On January 29, 2014, the Company closed a public offering of 5,834,234 units at the price of $2.40 per unit for total gross proceeds of approximately $14.0 million (the “2014 Public Offering”). Each unit consists of one share of common stock and a warrant to purchase 0.20 of a share of common stock (the “2014 Investor Warrants”). The 2014 Investor Warrants are exercisable at $3.00 per share and callable by the Company if our stock trades above  $6.00 per share if certain conditions are met.
	Placement Agent Fees
	In connection with the 2014 Public Offering, the Company paid Dawson James Securities, Inc. (the “Placement Agent”), a cash fee equal to 7% of the gross proceeds from sale of the units, which resulted in a payment to the Placement Agent of an aggregate of $980,151 (the “Placement Agent Fee”). In addition, the Company entered into Warrant Agreements with the Placement Agent pursuant to which the Placement Agent received a warrant to purchase 175,027 shares of common stock, or 3% of the aggregate number of shares sold in the offering (the “2014 Placement Agent Warrants” and together with the 2014 Investor Warrants, the “2014 Warrants”). The 2014 Placement Agent Warrant entitles the Placement Agent to purchase 175,027 shares of the Company’s common stock at $3.00 per share. The cash payment of $980,151 for 2014 Placement Agent Fee and the $121,707 aggregated initial fair value of the 2014 Placement Agent Warrants (see Fair Value Considerations below) were directly attributable to an actual offering and were charged through additional paid-in capital in accordance with the SEC Staff Accounting Bulletin (SAB) Topic 5A.
	Warrants
	The 2014 Warrants are exercisable at any time commencing after January 29, 2014 (the “Initial Exercise Date”). Subject to the call right described above, the 2014 Warrants shall expire and no longer be exercisable on the fifth anniversary of the Initial Exercise Date (the “Expiration Date”). The 2014 Warrants cannot be exercised on a cashless basis. There are no redemption features embodied in the 2014 Warrants and they have met the conditions for equity classification.
	Fair Value Consideration
	The Company’s accounting for the issuance of the 2014 Warrants required the estimation of fair values of the financial instruments. The development of fair values of financial instruments requires the selection of appropriate methodologies and the estimation of often subjective assumptions. The Company selected the valuation techniques based upon consideration of the types of assumptions that market participants would likely consider in exchanging the financial instruments in market transactions. The 2014 Warrants were valued using a Black-Scholes-Merton Valuation Technique because it embodies all of the requisite assumptions (including trading volatility, estimated terms and risk free rates) necessary to assess the fair value of these instruments.
	The 2014 Investor Warrants and the 2014 Placement Agent Warrants were valued at $834,986 or $0.72 per warrant, and $121,707 or $0.70 per warrant, respectively. The following tables reflect assumptions used to determine the fair value of the 2014 Warrants:
		Fair		January 29, 2014
		Value		2014 Investor Warrants				Placement
		Hierarchy						Agent
		Level						Warrants
	Indexed shares				1,166,849				175,027
	Exercise price			$	3			$	3
	Significant assumptions:
	Stock price		1	$	2.5			$	2.47
	Remaining term		3		5 years				5 years
	Risk free rate		2		1.45	%			1.42	%
	Expected volatility		3		37.96	%			37.95	%
	Outstanding Warrants
	As of June 30, 2014, warrants to purchase 6,033,426 shares of common stock are outstanding including:
		Outstanding Warrants to		Exercise price			Expiration date
		purchase  shares
	2011 private placement		4,252,050	$	1.25 - 1.60		23-Jun-16
	Acueity warrants		325,000		5		30-Sep-17
	2014 public offering		1,166,849		3		29-Jan-19
	Placement agent fees for Company’s offerings		242,027		2.12 – 12.43		March - November, 2018
	Outside consulting		47,500	$	4.24		14-Jan-18

NET_LOSS_PER_SHARE

NET LOSS PER SHARE	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	NOTE 9 – NET LOSS PER SHARE
	The Company accounts for and discloses net loss per common share in accordance with FASB ASC Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants. Because the inclusion of potential common shares would be anti-dilutive for all periods presented, diluted net loss per common share is the same as basic net loss per common share.
	The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-month and six-month periods ended June 30, 2014 and 2013:
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Options to purchase common stock		94,921		13,882		94,920		195,977
	Warrants to purchase common stock		-		-		-		-
	Restricted stock units		-		-		-		-
			94,921		13,882		94,920		195,977

CONCENTRATION_OF_CREDIT_RISK

CONCENTRATION OF CREDIT RISK	6 Months Ended
	Jun. 30, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	NOTE 10: CONCENTRATION OF CREDIT RISK
	Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At June 30, 2014 and December 31, 2013, the Company had $14,048,491 and $6,092,161 in excess of the FDIC insured limit, respectively.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 11: COMMITMENTS AND CONTINGENCIES
	Lease Commitments
	The future minimum lease payments due subsequent to June 30, 2014 under all non-cancelable operating leases are as follows:
	Year Ending December 31,	Amount
	2014 (remainder of the year)	$	177,561
	2015		480,007
	2016		464,771
	2017		105,894
	Total minimum lease payments	$	1,228,233
	Affymetrix Purchase Commitment
	In September 2013, the Company entered into an “OwnerChip Program Agreement” with Affymetrix, Inc, a manufacturer of GeneChip Systems, where Affymetrix has agreed to loan a GeneChip System 3000Dx v.2 (“instrument”) to the Company if it purchases and takes delivery of a minimum thirty GeneChip Human Genome U133 Plus 2.0 (30-pack) arrays at $21,590 per 30 pack for the next three years for a total purchase obligation of $647,700 with a minimum purchase of ten 30-pack arrays per contract year.  At the end of the three year contract, upon fulfillment of the purchase commitment, the instrument title and ownership transfer to the Company at no additional cost.   In addition to the GeneChip Human Genome, the Company must purchase a two year service contract for $51,600 to cover maintenance of the instrument during the contract period.   The Company placed an initial order for four 30-pack arrays during 2013 for $94,723.  The Company is obligated to purchase 26 additional arrays during the next three year contract term.
	A5 Software Development Commitment
	On June 10, 2013 the Company entered into an irrevocable license and service agreement with A5 Genetics KFT, Corporation, pursuant to which the Company received the world-wide (other than the European Union) exclusive license to the software used in the NextCYTE test.  The Company has the right to prosecute patents related to this software, two of which the Company has filed in the United States.  The patent applications have been assigned to the Company.  The Company paid a one-time fee of $100,000 to A5 Genetics in 2013 and in March 2014 the Company completed software validation and paid an additional $100,000 to A5 Genetics.  The Company is obligated to pay up to an additional $1.2 million to A5 Genetics upon the achievement of future milestones.  The Company must also pay a royalty of $50 for each NextCYTE Test performed and $65 as a service fee for each NextCYTE Test performed.  The agreement terminates on the later of the ten year anniversary of the agreement or the expiration of the latest to expire patent covering the software.
	Contingencies
	On June 30, 2011, Robert Kelly, the Company’s former President, filed a counterclaim against the Company in an arbitration proceeding, alleging breach of contract in connection with the termination of a consulting agreement between Mr. Kelly (dba Pitslayer LLC) and the Company that was entered into in July 2010 in connection with his resignation from the Company as President and a director. The consulting agreement was terminated by the Company in September 2010. Mr. Kelly seeks $450,000 in compensatory damages, which is the amount he claims would have been earned had the consulting agreement been fulfilled to completion.
	On December 11, 2012, Mr. Kelly filed a complaint in the United States District Court, Western Division of Washington seeking compensatory damages, interest and attorneys’ fees related to the termination of Mr. Kelly’s consulting contract and the rescission of shares issued to him in July 2010 in connection with his resignation from the Company as President and a director. The specific amount of damages sought is to be proven at trial and is not specified. On July 8, 2013, the court granted the Company’s motion to compel arbitration of these claims and therefore this action was stayed pending resolution of the arbitration of the claims; however, Mr. Kelly has not initiated arbitration of those claims.
	On February 26, 2013, Mr. Victor Cononi filed a complaint in the United States District Court, Western Division of Washington seeking compensatory damages, interest and attorneys’ fees related to the rescission of shares issued to him in July 2010 in connection with Mr. Kelly’s resignation from the Company as President and a director. Mr. Cononi is the father of Mr. Kelly’s paramour. The specific amount of damages sought is to be proven at trial and is not specified. In August 2013, the court granted the Company’s motion to compel arbitration of these claims and therefore this action was stayed pending resolution of the arbitration of the claims; however, Mr. Cononi has not initiated arbitration of those claims.
	A hearing in the arbitration has been held in abeyance to accommodate other third party civil and federal criminal proceedings alleging securities and wire fraud that have been brought against Mr. Kelly with respect to his prior employment and predating his service with the Company. On March 11, 2014 a press release was issued by the FBI stating that Mr. Kelly had pled guilty in Manhattan federal court to securities and wire fraud charges related to his employment as CEO of Wwebnet. Mr. Kelly also agreed to forfeit $2,111,600 and, separately, pay $2,111,600 in restitution. The sentencing hearing is scheduled for September 18, 2014.
	The Company is reasonably confident in its defenses to Mr. Kelly’s and Mr. Cononi’s claims. Consequently, no provision or liability has been recorded for these claims as of June 30, 2014. However, it is at least reasonably possible that the Company’s estimate of liability may change in the near term. Any payments by reason of an adverse determination in this matter will be charged to earnings in the period of determination.
	On October 10, 2013, a putative securities class action complaint, captioned Cook v. Atossa Genetics, Inc., et al., No. 2:13-cv-01836-RSM, was filed in the United States District Court for the Western District of Washington against us, certain of the Company’s directors and officers and the underwriters of the Company November 2012 initial public offering.  The complaint alleges that all defendants violated Sections 11 and 12(a)(2), and that the Company and certain of its directors and officers violated Section 15, of the Securities Act by making material false and misleading statements and omissions in the offering’s registration statement, and that we and certain of our directors and officers violated Sections 10(b) and 20A of the Exchange Act and SEC Rule 10b-5 promulgated thereunder by making false and misleading statements and omissions in the registration statement and in certain of our subsequent press releases and SEC filings with respect to our NAF specimen collection process, our ForeCYTE Breast Health Test and our MASCT device.   This action seeks, on behalf of persons who purchased our common stock between November 8, 2012 and October 4, 2013, inclusive, damages of an unspecific amount.
	On February 14, 2014, the Court appointed plaintiffs Miko Levi, Bandar Almosa and Gregory Harrison (collectively, the “Levi Group”) as lead plaintiffs, and approved their selection of co-lead counsel and liaison counsel.  The Court also amended the caption of the case to read In re Atossa Genetics, Inc. Securities Litigation. No. 2:13-cv-01836-RSM.  An amended complaint was filed on April 15, 2014. The Company and other defendants filed motions to dismiss the amended complaint on May 30, 2014. The plaintiffs filed briefs in opposition to these motions on July 11, 2014. The Company replied to the opposition brief on August 11, 2014.
	The Company believes this lawsuit is without merit and plans to defend itself vigorously; however, failure by the Company to obtain a favorable resolution of the claims set forth in the complaint could have a material adverse effect on the Company’s business, results of operations and financial condition.  Currently, the amount of such material adverse effect cannot be reasonably estimated, and no provision or liability has been recorded for these claims as of June 30, 2014.  The costs associated with defending and resolving the lawsuit and ultimate outcome cannot be predicted.  These matters are subject to inherent uncertainties and the actual cost, as well as the distraction from the conduct of the Company’s business, will depend upon many unknown factors and management’s view of these may change in the future.
	FDA Warning Letter
	On February 21, 2013, the Company received a Warning Letter (“Warning Letter”) from the FDA regarding its Mammary Aspirate Specimen Cytology Test (MASCT) System and MASCT System Collection Test (together, the “System”).  The Warning Letter arises from certain FDA findings during a July 2012 inspection, to which the Company responded in August 2012. In that response, the Company explained why the Company believed it was in compliance with applicable regulations and/or was implementing changes responsive to the findings of the FDA inspection.  The FDA alleges in the Warning Letter that following 510(k) clearance of the MASCT System, the Company changed the System in a manner that requires submission of an additional 510(k) notification to the FDA. Specifically, the FDA stated that the Instructions For Use (IFU) in the original 510(k) submission stated that the user must “Wash the collection membrane with fixative solution into the collection vial…” while the current IFU states “…apply one spray of Saccomanno’s Fixative to the collection membrane…” and that “this change fixes the NAF specimen to the filter paper rather than washing it into a collection vial.” At the time that the changes were made the Company determined and documented that the change could not significantly affect the safety or effectiveness of the MASCT System, and thus, that a new 510(k) was not required in accordance with the FDA’s guidance document entitled, “Deciding When to Submit a 510(k) for a Change to an Existing Device.” The Warning Letter also identified certain issues with respect to the Company’s marketing of the System and the Company’s compliance with FDA Good Manufacturing Practices (cGMP) regulations, among other matters. The Company responded to the Warning Letter on March 13, 2013, and identified the corrective actions that had been made, or were otherwise underway. The Company also filed a new 510(k) application for the MASCT System which was withdrawn in August 2013 after receiving feedback from the FDA.
	On October 4, 2013, the Company initiated a voluntary recall of the system to address FDA’s concerns regarding the modifications identified in the Warning Letter. As a result of this recall, this product is currently not being marketed or distributed in the U.S.  The Company submitted a new premarket notification, or 510(k) application, with the FDA on December 23, 2013 that covers the collection, preparation, and processing of NAF specimens and includes the spray method of fixing specimens to the collection membrane. We received a request from the FDA on February 28, 2014 to submit additional information in support of the application. We have until August 20, 2014 to respond to the FDA. We cannot market or distribute the ForeCYTE Breast Aspirator within the United States until we receive clearance for this device from the FDA.
	On March 14, 2014, the FDA completed a follow up inspection at the Company’s Seattle facility.  A Form 483 was provided to the Company at the conclusion of the inspection. In the FDA's most recent Form 483, five inspectional observations were identified regarding the Company’s quality management system.  The FDA inspector also orally identified five additional discussion points related to the Company’s product labeling prior to the recall of the MASCT System; sufficiency of the content of the Company’s pending 510(k) submission for the ForeCYTE Breast Aspirator; and other compliance issues. On March 26, 2014, the Company submitted a response to the FDA, which included its proposed corrective actions to address the FDA's observations and discussion points. Whether the FDA will accept the Company’s response is uncertain, particularly in light of the similar nature of certain of the current inspectional observations to previous inspectional observations. If the FDA does not agree with the Company’s proposed corrective actions, or accepts them but finds that the Company has not implemented them adequately, or if the Company otherwise is found to be out of compliance with applicable regulatory requirements at a later date, the FDA could initiate additional warning letters, or initiate without further notice an enforcement action, fines and penalties.  The FDA also may not clear our pending 510(k) for the ForeCYTE Breast Aspirator or our other devices and services under development.  Any of the foregoing would have a material adverse effect on our business.
	The Company recorded a product  recall liability of $211,493 on December 2013; as of June 30, 2014, the Company has $12,028 remaining in product recall liabilities and has incurred $390,812 in actual expenses related to the costs of the recall, including the estimated costs of pursuing the additional 510(k) clearance.  The recall and 510(k) process may take longer than expected and the Company may incur costs that it has not anticipated.  Accordingly, the actual amount of the loss contingency may be higher than the Company currently expects.

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 12: STOCK BASED COMPENSATION
	Compensation costs associated with the company’s stock options are recognized, based on the grant-date fair values of these options, over the requisite service period, or vesting period. Accordingly, the Company recognized stock based compensation expense of $167,534 and $397,715 for the three months and six months ended June 30, 2014, respectively. The stock based compensation for the three months and six months ended June 30, 2013 was $737,309 and $1,011,820, respectively.
	The following table presents information concerning stock option grants for the six months ended June 30, 2014:
		Employees				Executives & Officers				Directors
	Date of Grant	January 8, 2014				January – June 2014				January - June 2014
	Fair value of common stock on date of grant	$	2.2			$	1.22 - 2.20			$	1.22 - 2.20
	Exercise price of the options	$	2.2			$	1.22- 2.20			$	1.22-2.20
	Expected life of the options (years)		6.06				6.06 - 6.11				5.09 – 5.31
	Dividend yield		0	%			0	%			0	%
	Expected volatility		41.70- 41.72	%			40.98 - 41.70	%			38.64 - 38.68	%
	Risk-free interest rate		2.11	%			1.85 - 2.11	%			1.53 – 1.75	%
	Expected forfeiture per year (%)		10	%			10	%			10	%
	Weighted average fair value of the options per unit	$	0.95			$	0.66			$	0.53
	Options issued and outstanding as of June 30, 2014 and their activities during the six months then ended are as follows:
		Number of			Weighted-			Weighted-			Aggregate
		Underlying			Average			Average			Intrinsic Value
		Shares			Exercise			Contractual
					Price Per			Life
					Share			Remaining
								in
								Years
	Outstanding as of January 1, 2014		2,282,719		$	4.43					$	282,063
	Granted		1,436,669			1.46
	Forfeited		-69,236			4.64						450
	Exercised		-40,000			1.25						14,400
	Outstanding as of June 30, 2014		3,610,152			3.28			8.32			561,650
	Exercisable as of June 30, 2014		1,413,969			4.5			6.63			88,150
	Vested and expected to vest (1)		3,326,450		$	3.34			8.22		$	508,716
	(1) vested shares and unvested shares after a forfeiture rate is applied
	At June 30, 2014, there were 2,196,183 unvested options outstanding that will vest over a weighted-average period of 3.07 years. The total estimated compensation expense to be recognized in connection with these options is $1,858,544.
	Issuance of Restricted Common Stock for Directors’ Compensation
	On October 10, 2013, the Company issued 24,510 shares of restricted stock with a grant date value of $50,000 or $2.04 per share to a new board member. On March 1, 2014, the Company agreed to issue 22,728 shares of restricted stock with a grant date value of $50,000 or $2.20 per share to a new board member. These share issuances were canceled in May 2014 in connection with a new compensation plan adopted by the Board of Directors for independent members of the Board and the grants were each replaced with $35,000 in cash payment.
	On May 6, 2014, options to purchase a total of 15,000 shares of common stock, with exercise prices of $1.22 per share which was the fair market value on the date of grant, were also granted under the 2010 Plan to each of our four non-employee directors for service on the Board during the year following our 2014 annual meeting of stockholders. On that date, options to purchase 665,000 shares of stock, exercisable at $1.22 per share, which was the fair market value on the date of grant, were granted to senior officers under the 2010 Plan. The options granted to non- employee directors vest quarterly over one year and options granted to the senior officers vest quarterly over four years.
	In May 2014, 200,000 stock options were granted outside the 2010 Plan to the Vice President of Clinical Research and Development. The options have an exercise price of $1.25, which was the fair market value on the date of grant, and vest 25% at the end of the first year and vest quarterly thereafter over the following three years.
	In June 2014, 200,000 stock options were granted outside the 2010 Plan to the Senior Vice President of Global Regulatory Affairs and Quality Assurance. The options have an exercise price of $1.41, which is the fair market value on the date of grant, and vest 25% at the end of the first year and vest quarterly thereafter over the following three years.
	Stock Options and Incentive Plan
	On September 28, 2010, the Board of Directors approved the adoption of the 2010 Stock Option and Incentive Plan, or the 2010 Plan, to provide for the grant of equity-based awards to employees, officers, non-employee directors and other key persons providing services to the Company. Awards of incentive options may be granted under the 2010 Plan until September 2020. No other awards may be granted under the 2010 Plan after the date that is 10 years from the date of stockholder approval. An aggregate of 1,000,000 shares were initially reserved for issuance in connection with awards granted under the 2010 Plan, such number of shares to be subject to adjustment as provided in the plan and in any award agreements entered into by the Company under the plan, and upon the exercise or conversion of any awards granted under the plan. On January 1, 2012, 450,275 shares were added to the 2010 Plan and on January 1, 2013, 516,774 shares were added to the 2010 Plan, and on January 1, 2014, 742,973 shares were added to the 2010 plan as provided under the terms of the 2010 Plan.
	The Company granted options to purchase 1,459,397 shares of common stock to employees and directors and issued 40,000 shares of common stock in connection with the exercise of directors stock options during the six months ended June 30, 2014.  There are 267,870 options available for grant under the 2010 Plan as of June 30, 2014.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 13: SUBSEQUENT EVENTS
	Management has evaluated subsequent events through August 12, 2014, the date which the condensed consolidated financial statements were available to be issued.  All subsequent events requiring recognition as of June 30, 2014 have been incorporated into these condensed consolidated financial statements, there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events,” except as follows:.
	The Company entered into a new lease agreement in August 2014 for office space located in Seattle, Washington. The lease agreement provides for average monthly rent of $17,249 for a period of 31 months from the lease commencement of December 1, 2014. These lease payments are reflected in the lease commitments table in Note 11.

SUMMARY_OF_ACCOUNTING_POLICIES1

SUMMARY OF ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation:
	The accompanying condensed consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), have been condensed or omitted pursuant to those rules and regulations. The Company believes disclosures made are adequate to make the information presented not misleading. In the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary to fairly state the financial position, results of operations and cash flows with respect to the interim condensed consolidated financial statements have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire fiscal year. Reference is made to the Company’s audited annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2013, which contain information useful to understanding the Company's business and financial statement presentations. The Condensed Consolidated Balance Sheet as of December 31, 2013 was derived from the Company's most recent audited financial statements, but does not include all disclosures required by GAAP for a yearend balance sheet. The Company’s significant accounting policies and practices are presented as Note 3 to the consolidated financial statements included in the Annual Report. The accompanying condensed consolidated financial statements include the financial statements of Atossa Genetics Inc. and its wholly-owned subsidiary NRLBH. All significant intercompany account balances and transactions have been eliminated in consolidation. These condensed consolidated financial statements have been prepared in accordance with GAAP in the United States of America.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates:
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Issued Accounting Pronouncements:
	The Company has adopted all recently issued accounting pronouncements that management believes to be applicable to the Company.
	In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers: Topic 606 (“ASU 2014-09”), to supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 is effective for the Company in the first quarter of 2017 using either of two methods: (i) retrospective to each prior reporting period presented with the option to elect certain practical expedients as defined within ASU 2014-09; or (ii) retrospective with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application and providing certain additional disclosures as defined per ASU 2014-09. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its condensed consolidated financial statements.
	In June 2014, FASB issued ASU 2014-10, Elimination of Development Stage Entity Requirements. This ASU eliminates the concept of Development Stage Entities (DSE’s) from U.S. GAAP and is intended to result in cost-savings for certain entities, such as start-ups or research and development entities. As a result of these changes: the financial statements of developing entities no longer need to meet the inception-to-date income cash flow and equity information; developing companies do not have to label their financial statements as “development stage”; and certain disclosures related to the nature of the entity’s development stage activities are no longer required. The Company adopted the provisions of this ASU beginning with the quarter ended June 30, 2014.
Reclassification, Policy [Policy Text Block]	'
	Reclassification:
	The prior period deferred financing costs have been reclassified to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.
	Certain prior period accrued expenses have been reclassified as accounts payable to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.

PREPAID_EXPENSES_Tables

PREPAID EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	'
	Prepaid expenses consisted of the following:
		June 30,		December 31,
		2014		2013
	Tradeshow and other marketing events	$	153,000	$	-
	Prepaid insurance		89,970		112,517
	Prepaid hardware and software		36,876		131,204
	Retainer and security deposits		29,500		36,906
	Other		16,000		-
		$	325,346	$	280,627

FURNITURE_AND_EQUIPMENT_Tables

FURNITURE AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, plant furniture and equipment consisted of the following:
		June 30,		December 31,
		2014		2013
	Machinery and equipment	$	347,453	$	326,824
	Leasehold improvements		93,665		93,665
	Capitalized new product development costs		-		15,000
	Less: Accumulated depreciation		-155,085		-114,050
	Less: Allowance for loss on impairment		-158,292		-158,292
	Furniture and equipment, net	$	127,741	$	163,147

INTANGIBLE_ASSETS_Tables

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
	Intangible assets consisted of the following:
		June 30,		December 31,
		2014		2013
	Patents	$	4,794,853	$	4,794,853
	Capitalized license costs		200,000		-
	Software		176,280		105,839
	Less: Accumulated amortization		-716,948		-505,059
		$	4,454,185	$	4,395,633
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Future estimated amortization expenses as of June 30, 2014 for the five succeeding years is as follows:
	For the Year Ending December 31,	Amounts
	2014 (includes the remainder of the year)	$	212,137
	2015		435,692
	2016		428,431
	2017		411,600
	2018		393,990
	Thereafter		2,572,335
		$	4,454,185

PAYROLL_LIABILITIES_Tables

PAYROLL LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
	Payroll liabilities consisted of the following:
		June 30,		December 31,
		2014		2013
	Accrued bonus payable	$	410,449	$	408,362
	Accrued payroll liabilities		85,457		48,232
	Accrued payroll tax liabilities		12,740		19,883
		$	508,646	$	476,477

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	'
	As of June 30, 2014, warrants to purchase 6,033,426 shares of common stock are outstanding including:
		Outstanding Warrants to		Exercise price			Expiration date
		purchase  shares
	2011 private placement		4,252,050	$	1.25 - 1.60		23-Jun-16
	Acueity warrants		325,000		5		30-Sep-17
	2014 public offering		1,166,849		3		29-Jan-19
	Placement agent fees for Company’s offerings		242,027		2.12 – 12.43		March - November, 2018
	Outside consulting		47,500	$	4.24		14-Jan-18
Warrants 2014 and Placement Agent Warrants [Member]	'
Stockholders' Equity Note [Abstract]	'
Schedule of Fair Value of Warrants [Table Text Block]	'
	The following tables reflect assumptions used to determine the fair value of the 2014 Warrants:
		Fair		January 29, 2014
		Value		2014 Investor Warrants				Placement
		Hierarchy						Agent
		Level						Warrants
	Indexed shares				1,166,849				175,027
	Exercise price			$	3			$	3
	Significant assumptions:
	Stock price		1	$	2.5			$	2.47
	Remaining term		3		5 years				5 years
	Risk free rate		2		1.45	%			1.42	%
	Expected volatility		3		37.96	%			37.95	%

NET_LOSS_PER_SHARE_Tables

NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
	The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-month and six-month periods ended June 30, 2014 and 2013:
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Options to purchase common stock		94,921		13,882		94,920		195,977
	Warrants to purchase common stock		-		-		-		-
	Restricted stock units		-		-		-		-
			94,921		13,882		94,920		195,977

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Operating Leases of Lessee Disclosure [Table Text Block]	'
	The future minimum lease payments due subsequent to June 30, 2014 under all non-cancelable operating leases are as follows:
	Year Ending December 31,	Amount
	2014 (remainder of the year)	$	177,561
	2015		480,007
	2016		464,771
	2017		105,894
	Total minimum lease payments	$	1,228,233

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
	The following table presents information concerning stock option grants for the six months ended June 30, 2014:
		Employees				Executives & Officers				Directors
	Date of Grant	January 8, 2014				January – June 2014				January - June 2014
	Fair value of common stock on date of grant	$	2.2			$	1.22 - 2.20			$	1.22 - 2.20
	Exercise price of the options	$	2.2			$	1.22- 2.20			$	1.22-2.20
	Expected life of the options (years)		6.06				6.06 - 6.11				5.09 – 5.31
	Dividend yield		0	%			0	%			0	%
	Expected volatility		41.70- 41.72	%			40.98 - 41.70	%			38.64 - 38.68	%
	Risk-free interest rate		2.11	%			1.85 - 2.11	%			1.53 – 1.75	%
	Expected forfeiture per year (%)		10	%			10	%			10	%
	Weighted average fair value of the options per unit	$	0.95			$	0.66			$	0.53
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Options issued and outstanding as of June 30, 2014 and their activities during the six months then ended are as follows:
		Number of			Weighted-			Weighted-			Aggregate
		Underlying			Average			Average			Intrinsic Value
		Shares			Exercise			Contractual
					Price Per			Life
					Share			Remaining
								in
								Years
	Outstanding as of January 1, 2014		2,282,719		$	4.43					$	282,063
	Granted		1,436,669			1.46
	Forfeited		-69,236			4.64						450
	Exercised		-40,000			1.25						14,400
	Outstanding as of June 30, 2014		3,610,152			3.28			8.32			561,650
	Exercisable as of June 30, 2014		1,413,969			4.5			6.63			88,150
	Vested and expected to vest (1)		3,326,450		$	3.34			8.22		$	508,716
	(1) vested shares and unvested shares after a forfeiture rate is applied

NATURE_OF_OPERATIONS_Details_T

NATURE OF OPERATIONS (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2012	19-May-14
Nature Of Operations [Line Items]	'	'
Cash Acquired from Acquisition	$400,000	'
Stock Issued During Period, Shares, Acquisitions	862,500	'
Share Price	$5	'
Warrants Issued During Period Acquisitions	325,000	'
Warrant Price	$2.35	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	$5	$15

PREPAID_EXPENSES_Details

PREPAID EXPENSES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets [Line Items]	'	'
Tradeshow and other marketing events	$153,000	$0
Prepaid insurance	89,970	112,517
Prepaid hardware and software	36,876	131,204
Retainer and security deposits	29,500	36,906
Other	16,000	0
Prepaid expense	$325,346	$280,627

FURNITURE_AND_EQUIPMENT_Detail

FURNITURE AND EQUIPMENT (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Machinery and equipment	$347,453	$326,824
Leasehold improvements	93,665	93,665
Capitalized new product development costs	0	15,000
Less: Accumulated depreciation	-155,085	-114,050
Less: Allowance for loss on impairment	-158,292	-158,292
Furniture and equipment, net	$127,741	$163,147

FURNITURE_AND_EQUIPMENT_Detail1

FURNITURE AND EQUIPMENT (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'
Depreciation	$19,864	$30,668	$41,035	$35,536

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
Patents	$4,794,853	$4,794,853
Capitalized license costs	200,000	0
Software	176,280	105,839
Less: Accumulated amortization	-716,948	-505,059
Intangible assets, net	$4,454,185	$4,395,633

INTANGIBLE_ASSETS_Details_1

INTANGIBLE ASSETS (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
2014 (includes the remainder of the year)	$212,137	'
2015	435,692	'
2016	428,431	'
2017	411,600	'
2018	393,990	'
Thereafter	2,572,335	'
Intangible assets, net	$4,454,185	$4,395,633

INTANGIBLE_ASSETS_Details_Text

INTANGIBLE ASSETS (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Computer Software, Intangible Asset [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Amortization of Intangible Assets	$9,466	$4,913	$18,227	$9,591
Finite-lived Intangible Assets Acquired	'	'	70,400	'
Patents [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Amortization of Intangible Assets	93,498	92,216	186,995	181,514
Patents [Member] | Minimum [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'9 years	'
Patents [Member] | Maximum [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'14 years	'
Laboratory software [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Finite-lived Intangible Assets Acquired	'	'	58,000	'
Company Website [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Finite-lived Intangible Assets Acquired	'	'	31,500	'
Software License Arrangement [Member]	'	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
Amortization of Intangible Assets	$4,999	'	$6,667	'

PAYROLL_LIABILITIES_Details

PAYROLL LIABILITIES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Payroll Liabilities [Line Items]	'	'
Accrued bonus payable	$410,449	$408,362
Accrued payroll liabilities	85,457	48,232
Accrued payroll tax liabilities	12,740	19,883
Payroll liabilities	$508,646	$476,477

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	Sep. 30, 2012	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014	Jan. 29, 2014
		Placement Agent Warrants [Member]	Placement Agent Warrants [Member]	Placement Agent Warrants [Member]	Placement Agent Warrants [Member]	Investor Warrants 2014 [Member]	Investor Warrants 2014 [Member]	Investor Warrants 2014 [Member]	Investor Warrants 2014 [Member]
			Fair Value, Inputs, Level 3 [Member]	Fair Value, Inputs, Level 2 [Member]	Fair Value, Inputs, Level 1 [Member]		Fair Value, Inputs, Level 3 [Member]	Fair Value, Inputs, Level 2 [Member]	Fair Value, Inputs, Level 1 [Member]
Share Based Payment Award Stock Warrants Valuation Assumptions [Line Items]	'	'	'	'	'	'	'	'	'
Indexed shares	'	175,027	'	'	'	1,166,849	'	'	'
Exercise price	'	$3	'	'	'	$3	'	'	'
Significant assumptions:	'	'	'	'	'	'	'	'	'
Stock price	$5	'	'	'	$2.47	'	'	'	$2.50
Remaining term	'	'	'5 years	'	'	'	'5 years	'	'
Risk free rate	'	'	'	1.42%	'	'	'	1.45%	'
Expected volatility	'	'	37.95%	'	'	'	37.96%	'	'

STOCKHOLDERS_EQUITY_Details_1

STOCKHOLDERS' EQUITY (Details 1) (USD $)

19-May-14

Sep. 30, 2012

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 29, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

2011 Private Placement [Member]

2011 Private Placement [Member]

2011 Private Placement [Member]

Acuiety Warrants [Member]

2014 Public Offering [Member]

2014 Public Offering [Member]

Placement Agent Fee [Member]

Placement Agent Fee [Member]

Placement Agent Fee [Member]

outside consulting firm [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Class of Warrant or Right [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Outstanding

'

'

4,252,050

'

'

325,000

1,166,849

'

242,027

'

'

47,500

Class of Warrant or Right, Exercise Price of Warrants or Rights

$15

$5

'

$1.60

$1.25

$5

$3

$3

'

$12.43

$2.12

$4.24

Class of Warrant or Right, Date from which Warrants or Rights Exercisable

'

'

23-Jun-16

'

'

30-Sep-17

29-Jan-19

'

'

1-Nov-18

1-Mar-18

14-Jan-18

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)

Jun. 30, 2014

19-May-14

Dec. 31, 2013

Sep. 30, 2012

Jun. 30, 2014

Jan. 29, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 29, 2014

Jun. 30, 2014

Jun. 30, 2014

Jan. 29, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

19-May-14

Series A Preferred Stock [Member]

2014 Public Offering [Member]

2014 Public Offering [Member]

Acuiety Warrants [Member]

outside consulting firm [Member]

Investor Warrants 2014 [Member]

Securities Purchase Agreements, Investor Warrants [Member]

Placement Agent Warrants [Member]

Placement Agent Warrants [Member]

Placement Agent [Member]

Minimum [Member]

Maximum [Member]

Beneficial Owner [Member]

2011 Private Placement [Member]

2011 Private Placement [Member]

Stockholder's Equity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Shares Authorized

85,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Shares Authorized

75,000,000

'

75,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Par or Stated Value Per Share (in dollars per share)

$0.00

'

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Shares Authorized

10,000,000

'

10,000,000

'

750,000

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Par or Stated Value Per Share (in dollars per share)

$0.00

'

$0.00

'

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

Cash Fee Equals to Percentage of Gross Proceeds from Sale of Common Stock and Warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

Fees and Commissions, Other

'

'

'

'

'

'

'

'

'

'

'

'

'

$980,151

'

'

'

Exercise Price of Common Stock

'

'

'

'

'

'

'

'

'

'

'

$3

'

'

'

'

'

Fair Value of Warrants (in dollars per warrant)

'

'

'

'

'

'

'

'

'

'

$0.72

$0.70

'

'

'

'

'

Initial Fair Value of Warrants

'

'

'

'

'

'

'

'

'

'

834,986

121,707

'

'

'

'

'

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

6,033,426

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Option Indexed To Issuer's Equity, Indexed Shares

'

'

'

'

'

'

'

'

'

1,166,849

'

'

175,027

'

'

'

'

Shares, Issued

'

'

'

'

'

5,834,234

'

'

'

'

'

'

'

'

'

'

'

Shares Issued, Price Per Share

'

'

'

'

'

$2.40

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance Initial Public Offering

'

'

'

'

'

$14,000,000

'

'

'

'

'

'

'

'

'

'

'

Stockholders Equity Note, Stock Split

'

'

'

'

'

'

'Each unit consists of one share of common stock and a warrant to purchase 0.20 of a share of common stock (the 2014 Investor Warrants).

'

'

'

'

'

'

'

'

'

'

Warrants Callable Per Share

'

'

'

'

'

$6

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Exercise Price of Warrants or Rights

'

$15

'

$5

'

$3

$3

$5

$4.24

'

'

'

'

'

$1.25

$1.60

'

Percentage of Shares Sold in Offering

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

Percentage of Common Stock Outstanding

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Entitled to Receive Worth of Common Stock

'

$30

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

NET_LOSS_PER_SHARE_Details

NET LOSS PER SHARE (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	94,921	13,882	94,920	195,977
Equity Option [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	94,921	13,882	94,920	195,977
Warrant [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Restricted Stock [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

CONCENTRATION_OF_CREDIT_RISK_D

CONCENTRATION OF CREDIT RISK (Details Textual) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Concentration Risk [Line Items]	'	'
Cash, FDIC Insured Amount	$250,000	'
Cash, Uninsured Amount	$14,048,491	$6,092,161

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Jun. 30, 2014
Operating Leased Assets [Line Items]	'
2014 (remainder of the year)	$177,561
2015	480,007
2016	464,771
2017	105,894
Total minimum lease payments	$1,228,233

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	3 Months Ended		6 Months Ended			3 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended	1 Months Ended	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Jun. 30, 2011	Mar. 31, 2014
						A5 Genetics KFT [Member]	A5 Genetics KFT [Member]	Affymetrix In [Member]	Affymetrix In [Member]	Robert Kelly [Member]	Robert Kelly [Member]
								OwnerChip Program Agreement [Member]	OwnerChip Program Agreement [Member]
COMMITMENTS AND CONTINGENCIES [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Loss Contingency, Damages Sought, Value	'	'	'	'	'	'	'	'	'	$450,000	'
Payments for Software	'	'	'	'	'	'	'	21,590	94,723	'	'
Purchase Obligation	'	'	'	'	'	'	'	647,700	'	'	'
Contract Receivable, Due in Rolling Year Two	'	'	'	'	'	'	'	51,600	'	'	'
Agreed To Forfeit	'	'	'	'	'	'	'	'	'	'	2,111,600
Loss Contingency, Accrual, Current	12,028	'	12,028	'	211,493	'	'	'	'	'	'
Recall expenses Actual	390,812	'	390,812	'	'	'	'	'	'	'	'
Cost of Services, Licenses and Services	'	'	'	'	'	'	100,000	'	'	'	'
Additional License Fee Amount Paid	'	'	'	'	'	100,000	'	'	'	'	'
Additional License Fee Obligation To Pay For Future Milestones	'	'	'	'	'	1,200,000	'	'	'	'	'
Royalty Expense	'	'	'	'	'	50	'	'	'	'	'
Cost of Services	$0	$2,356	$0	$49,955	'	$65	'	'	'	'	'

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Employees [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	0.878
Employees [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	2.18
Employees [Member] | Stock Option [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Date of grant	8-Jan-14	'
Date of grant start	'	1-Jan-13
Date of grant end	'	31-Dec-13
Fair value of common stock on date of grant	$2.20	'
Exercise price of the options	$2.20	'
Expected life of the options (years)	'6 years 22 days	'
Dividend yield	0.00%	'
Risk-free interest rate	2.11%	'
Expected forfeiture per year (%)	10.00%	'
Weighted-average fair value of the options (per unit)	$0.95	'
Employees [Member] | Stock Option [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	'	2.05
Exercise price of the options	'	2.05
Expected life of the options (years)	'	'6 years 1 month 2 days
Expected volatility	41.70%	40.73%
Risk-free interest rate	'	1.73%
Employees [Member] | Stock Option [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	'	5.19
Exercise price of the options	'	5.19
Expected life of the options (years)	'	'6 years 1 month 10 days
Expected volatility	41.72%	41.81%
Risk-free interest rate	'	1.97%
Employees and Officers [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	1.69
Employees and Officers [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	1.89
Employees and Officers [Member] | Stock Option [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Date of grant start	'	1-Jan-13
Date of grant end	'	30-Jun-13
Dividend yield	0.00%	'
Expected forfeiture per year (%)	10.00%	'
Weighted-average fair value of the options (per unit)	$0.66	'
Employees and Officers [Member] | Stock Option [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	'	4.11
Exercise price of the options	'	4.11
Expected life of the options (years)	'	'5 years
Expected volatility	'	40.96%
Risk-free interest rate	'	1.03%
Employees and Officers [Member] | Stock Option [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	'	4.58
Exercise price of the options	'	4.58
Expected life of the options (years)	'	'6 years 1 month 10 days
Expected volatility	'	41.05%
Risk-free interest rate	'	1.36%
Directors [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	0.79
Directors [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Weighted-average fair value of the options (per unit)	'	2.49
Directors [Member] | Stock Option [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Date of grant start	1-Jan-14	31-May-13
Date of grant end	30-Jun-14	31-Oct-13
Dividend yield	0.00%	'
Expected forfeiture per year (%)	10.00%	'
Weighted-average fair value of the options (per unit)	$0.53	'
Directors [Member] | Stock Option [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	$1.22	2.04
Exercise price of the options	$1.22	2.04
Expected life of the options (years)	'5 years 1 month 2 days	'5 years
Expected volatility	38.64%	41.06%
Risk-free interest rate	1.53%	0.73%
Directors [Member] | Stock Option [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	$2.20	6.59
Exercise price of the options	$2.20	6.59
Expected life of the options (years)	'5 years 3 months 22 days	'5 years 3 months 22 days
Expected volatility	38.68%	41.53%
Risk-free interest rate	1.75%	1.49%
Executives and Officers [Member] | Stock Option [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Date of grant start	1-Jan-14	'
Date of grant end	30-Jun-14	'
Executives and Officers [Member] | Stock Option [Member] | Minimum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	$1.22	'
Exercise price of the options	$1.22	'
Expected life of the options (years)	'6 years 22 days	'
Expected volatility	40.98%	'
Risk-free interest rate	1.85%	'
Executives and Officers [Member] | Stock Option [Member] | Maximum [Member]	'	'
Share Based Payment Award Stock Options Valuation Assumption [Line Items]	'	'
Fair value of common stock on date of grant	$2.20	'
Exercise price of the options	$2.20	'
Expected life of the options (years)	'6 years 1 month 10 days	'
Expected volatility	41.70%	'
Risk-free interest rate	2.11%	'

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014
Share Based Compensation Stock Options Activity [Line Items]	'
Number of Underlying Shares, Outstanding as of January 1, 2014 (in shares)	2,282,719
Number of Underlying Shares, Granted (in shares)	1,436,669
Number of Underlying Shares, Forfeited (in shares)	-69,236
Number of Underlying Shares, Exercised (in shares)	-40,000
Number of Underlying Shares, Outstanding as of June 30, 2014 (in shares)	3,610,152
Number of Underlying Shares, Exercisable as of June 30, 2014 (in shares)	1,413,969
Number of Underlying Shares, Vested and expected to vest (in shares)	3,326,450	[1]
Weighted-Average Exercise Price Per Share, Outstanding as of January 1, 2014 (in dollars per share)	$4.43
Weighted-Average Exercise Price Per Share, Granted (in dollars per share)	$1.46
Weighted-Average Exercise Price Per Share, Forfeited (in dollars per share)	$4.64
Weighted-Average Exercise Price Per Share, Exercised (in dollars per share)	$1.25
Weighted-Average Exercise Price Per Share, Outstanding as of June 30, 2014 (in dollars per share)	$3.28
Weighted-Average Exercise Price Per Share, Exercisable as of June 30, 2014 (in dollars per share)	$4.50
Weighted-Average Exercise Price Per Share, Vested and expected to vest (in dollars per share)	$3.34	[1]
Weighted-Average Contractual Life Remaining in Years, Outstanding as of June 30, 2014	'8 years 3 months 25 days
Weighted-Average Contractual Life Remaining in Years, Exercisable as of as of June 30, 2014	'6 years 7 months 17 days
Weighted-Average Contractual Life Remaining in Years, Vested and expected to vest	'8 years 2 months 19 days	[1]
Aggregate Intrinsic Value, Outstanding as of January 1, 2014	$282,063
Aggregate Intrinsic Value, Forfeited (in dollars)	450
Aggregate Intrinsic Value, Exercised (in dollars)	14,400
Aggregate Intrinsic Value, Outstanding as of June 30, 2014	561,650
Aggregate Intrinsic Value, Exercisable as of June 30, 2014	88,150
Aggregate Intrinsic Value, Vested and expected to vest (1)	$508,716	[1]
[1]	vested shares and unvested shares after a forfeiture rate is applied.

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details Textual) (USD $)

1 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

1 Months Ended

Mar. 20, 2014

Oct. 10, 2013

31-May-14

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 28, 2010

Jun. 30, 2014

31-May-14

Mar. 20, 2014

Oct. 10, 2013

Dec. 31, 2013

Dec. 31, 2013

31-May-14

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

31-May-14

Stock Option and Incentive Plan 2010 [Member]

Stock Option and Incentive Plan 2010 [Member]

Stock Option and Incentive Plan 2010 [Member]

Stock Option and Incentive Plan 2010 [Member]

Stock Options Were Granted Outside Of 2010 Plan [Member]

Stock Options Were Granted Outside Of 2010 Plan [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Employees and Officers [Member]

Employees and Officers [Member]

Non-Employee Director [Member]

Non-Employee Director [Member]

Non-Employee Director [Member]

Non-Employee Director [Member]

Non-Employee Director [Member]

Senior Officers [Member]

Stock Option One [Member]

Stock Option One [Member]

Stock Option One [Member]

Stock Option One [Member]

Stock Option One [Member]

Stock Option One [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Stock-based Compensation [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

'

'

'

'

'

$1.46

'

'

'

'

'

'

'

$2.20

$2.04

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Restricted Stock Award, Gross

22,728

24,510

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Value, Restricted Stock Award, Gross

$50,000

$50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation

'

'

'

167,534

737,309

397,715

1,011,820

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Directors Compensation Paid

'

'

35,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

'

'

'

'

'

1,436,669

'

'

'

'

'

200,000

200,000

'

'

'

'

'

'

'

'

'

'

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Weighted Average Grant Date Fair Value

'

'

'

'

'

'

'

'

'

'

'

$1.41

$1.25

'

'

$4.11

$4.58

'

$1.22

$2.04

$2.20

$6.59

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'

'

'

'

'

'3 years 25 days

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'4 years

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

'

'

'

'

'

'

'

'

'

'

'

'vest 25% at the end of the first year and vest quarterly thereafter over the following three years.

'vest 25% at the end of the first year and vest quarterly thereafter over the following three years.

'

'

'

'

'

'

'

'

'

'

Shares held in Employee Stock Option Plan, Suspense Shares

'

'

'

'

'

'

'

742,973

516,774

450,275

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

'

'

'

'

'

'

'

267,870

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

'

'

'

'

'

'

'

40,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares

'

'

'

2,196,183

'

2,196,183

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

'

'

'

$1,858,544

'

$1,858,544

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], USD $)	6 Months Ended
	Jun. 30, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Monthly Lease Rent	$17,249