STOCKHOLDERS' EQUITY (Details Textual) - USD ($) |
3 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Mar. 04, 2016 |
Feb. 08, 2016 |
Oct. 01, 2015 |
Mar. 31, 2016 |
Dec. 31, 2015 |
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Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 831,056 | |||||||
Percentage Of Liquidated Damages Per Month | 5.00% | |||||||
Common Stock, Shares Authorized | 40,000,000 | 40,000,000 | 40,000,000 | |||||
Stockholders' Equity, Reverse Stock Split | 1-for-10 reverse split | At a special meeting held on February 8, 2016, the Company’s stockholders approved an amendment to the Company’s certificate of incorporation to effect a reverse split of the Company’s common stock at a ratio between 1:5 to 1:10 in order to ensure that adequate authorized but unissued shares would be available for anticipated future financings, and to satisfy requirements for the continued listing of the Company’s common stock on the Nasdaq Capital Market. In addition, the proposal approved by the stockholders provided that if the reverse split was effected, the number of shares of common stock that the Company is authorized to issue remained unchanged at 40,000,000. The Company’s stockholders further authorized the board of directors to determine the ratio at which the reverse split would be effected by filing an appropriate amendment to the Company’s certificate of incorporation. The board of directors authorized the ratio of the reverse split and corresponding reduction in authorized shares on February 24, 2016, and effective at the close of business on March 4, 2016, the Company’s certificate of incorporation was amended to effect a 1-for-10 reverse split of the Company’s common stock (the “2016 Reverse Split”). All share and per share numbers included in these consolidated financial statements give effect to the 2016 Reverse Split. | ||||||
Registered Direct Offering Shares Of Common Stock | 101,727 | |||||||
Gross Proceeds From Offering | $ 3,300,000 | |||||||
Net Proceeds From Offering | 2,868,000 | |||||||
Equity Financing Authorized Amount | $ 10,000,000 | |||||||
Private Placement [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 3,750 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 28.30 | |||||||
Warrants and Rights Outstanding | $ 61,000 | |||||||
February 2013 Public Offering [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | [1] | 55,000 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | [1] | $ 22 | ||||||
Shares Issued, Price Per Share | $ 22.00 | |||||||
Minimum [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Percentage Of Liquidated Damages Per Month | 1.50% | |||||||
August 2014 Underwritten Offering [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 9,704 | |||||||
Warrant [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Fair Value Adjustment of Warrants | $ 404,000 | |||||||
Derivative, Loss on Derivative | $ 404,150 | |||||||
Series B warrant [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 48,274 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 22.00 | |||||||
Offering Price Per Share | $ 22.00 | |||||||
Series A Warrants [Member] | ||||||||
Class of Warrant or Right [Line Items] | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 150,003 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 28.30 | |||||||
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