FAIR VALUE (Details 4) - USD ($) |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Reclassification to equity for warrants that are no longer derivative liabilities | $ (1,392,429) | $ 0 |
Gain on derivatives resulting from change in fair value or extinguishment | 3,261,529 | 3,667,826 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning fair value of warrants | 2,067,000 | 1,127,500 |
Fair value of warrants issued in connection with the October 2015 offering | 0 | 3,272,000 |
Reclassification to equity for warrants that are no longer derivative liabilities | (1,392,429) | 0 |
Gain on derivatives resulting from change in fair value or extinguishment | (647,446) | (2,332,500) |
Ending fair value of warrants | $ 27,125 | $ 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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- Definition The fair value of liabilities assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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