FAIR VALUE (Details 3) - USD ($) |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2015 |
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
| Gain on derivatives resulting from change in fair value | $ 2,824,722 | $ 288,251 | |
| Fair Value, Inputs, Level 3 [Member] | |||
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
| Beginning balance - Fair value | 2,067,000 | $ 1,127,500 | $ 1,127,500 |
| Fair value of warrants issued in connection with the October 2015 offering | 0 | 3,272,000 | |
| Gain on derivatives resulting from change in fair value | (603,000) | (2,332,500) | |
| Ending balance - Fair value | $ 1,464,000 | $ 2,067,000 | |
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- Definition Represents the fair value of warrants classified as derivative liabilities, outstanding as of the balance date. No definition available.
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- Definition Represents the amount of fair value of warrants issued in connection with October 2015 offering. No definition available.
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Details
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