SUBSEQUENT EVENTS (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 04, 2016 |
Apr. 13, 2016 |
Feb. 08, 2016 |
Jun. 13, 2014 |
Apr. 20, 2016 |
Apr. 15, 2016 |
Mar. 31, 2016 |
Aug. 20, 2014 |
May 22, 2014 |
Feb. 28, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Jun. 06, 2014 |
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 9,699 | 861,314 | |||||||||||
Common Stock, Shares Authorized | 20,000,000 | 40,000,000 | 40,000,000 | 150,000,000 | |||||||||
Stockholders' Equity, Reverse Stock Split | 1-for-10 reverse split | 1-for-20 reverse split | At the annual meeting of stockholders held on May 22, 2014, the Companys stockholders approved an amendment to our certificate of incorporation to effect a reverse split of the Companys common stock at a ratio between 1:10 to 1:20 in order to satisfy requirements for the listing of the Companys 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 would be reduced from 150,000,000 to the greater of (A) 20,000,000 and (B) the number of shares equal to three (3) times the sum of the number of all shares of common stock outstanding and the number of shares of common stock issuable upon exercise or conversion of all outstanding options, warrants and convertible debt. | 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 would remain 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. | |||||||||
Stock Issued During Period, Value, New Issues | $ 2,868,000 | $ 11,877,143 | |||||||||||
Preferred Stock Value | $ 0 | $ 0 | |||||||||||
Lease Term | 2 years | 3 years | |||||||||||
Scenario, Forecast [Member] | |||||||||||||
Lease Term | 2 years | ||||||||||||
Common Stock [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 383,333 | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 46.80 | ||||||||||||
Stock Issued During Period, Shares, New Issues | 358,333 | 101,727 | 358,333 | ||||||||||
Stock Issued During Period, Value, New Issues | $ 1 | $ 4 | |||||||||||
Common Stock [Member] | Scenario, Forecast [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 48,274 | ||||||||||||
Underwritten Offering 2016 [Member] | |||||||||||||
Public Offering Price Per Share Of Shares And Warrants | $ 2.13 | ||||||||||||
Underwritten Offering 2016 [Member] | Scenario, Forecast [Member] | |||||||||||||
Stock Issued During Period, Shares, New Issues | 1,871,321 | ||||||||||||
Stock Issued During Period, Value, New Issues | $ 8,000,000 | ||||||||||||
Proceeds from Issuance Initial Public Offering | $ 7,200,000 | ||||||||||||
Ladenburg Thalman [Member] | Scenario, Forecast [Member] | |||||||||||||
Stock Issued During Period, Shares, New Issues | 1,378,364 | ||||||||||||
Series A Warrants [Member] | Scenario, Forecast [Member] | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 300,006 | ||||||||||||
Subsequent Event [Member] | |||||||||||||
split of the Company’s common stock at a ratio | 1:5 to 1:10 | ||||||||||||
Common Stock, Shares Authorized | 40,000,000 | ||||||||||||
Series A Prefunded Warrant [Member] | Scenario, Forecast [Member] | |||||||||||||
Warrants Issued To Purchase Common Stock Shares | 1,908,021 | 1,908,021 | |||||||||||
Public Offering Price Per Share Of Shares And Warrants | $ 2.13 | ||||||||||||
Class of Warrant or Right, Outstanding | 3.04 | ||||||||||||
Series A Prefunded Warrant [Member] | Over-Allotment Option [Member] | Scenario, Forecast [Member] | |||||||||||||
Warrants Issued To Purchase Common Stock Shares | 492,957 | ||||||||||||
Series B Pre funded Warrant [Member] | Scenario, Forecast [Member] | |||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | ||||||||||||
Warrants Issued To Purchase Common Stock Shares | 3,779,342 | 3,286,385 | |||||||||||
Public Offering Price Per Share Of Shares And Warrants | $ 2.12 | ||||||||||||
Preferred Stock Value | $ 1,062,000 | ||||||||||||
Series Z Convertible Preferred Stock [Member] | Scenario, Forecast [Member] | |||||||||||||
Conversion of Stock, Shares Issued | 492,957 |