SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($) |
12 Months Ended | |
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Dec. 31, 2017 |
Dec. 31, 2016 |
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| Certificates of Deposit, at Carrying Value | $ 55,000 | $ 55,000 |
| Lease Term | 3 years | |
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options | 533,065 | 533,065 |
| Cash, Uninsured Amount | $ 9,600,000 | |
| Increase in Depreciation, Effect of Changes in Estimate | 1,176,000 | |
| Increase In Net Income Loss, Effect Of Changes In Estimate | $ 1,176,000 | |
| Increase in Earning Per Share, Effect of Changes in Estimate | $ 0.08 | |
| Change in Accounting Estimate, Description | As a result, the Company reassessed the estimated useful life of the research and development assets and concluded they should be accelerated beginning on December 1, 2017 through December 31, 2017 (one month remaining life). The Company also reassessed the estimated useful life of the leasehold improvements and concluded that they should be accelerated beginning on December 1, 2017 through December 31, 2017 (one month remaining life). These reassessments of the estimated useful lives have been accounted for as changes in an estimate. The effect of these changes in estimates was to increase 2017 depreciation expense by approximately $1,176,000, increase 2017 net loss by approximately $1,176,000, and increase 2017 basic and diluted net loss attributable to common stockholders per share by $0.08. | |
| Restatement of Prior Year Income, Net of Tax | $ 3,200,000 | |
| Overstatement of Weighted Average number of shares | 200,000 | |
| Impact of Restatement on Earnings Per Share, Basic | $ 0.78 | |
| Minimum [Member] | ||
| Property, Plant and Equipment, Useful Life | 3 years | |
| Maximum [Member] | ||
| Property, Plant and Equipment, Useful Life | 10 years | |
| Leasehold Improvements [Member] | ||
| Property, Plant and Equipment, Useful Life | 17 years | |
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- Definition Increase in depreciation expense resulting from changes in estimate. No definition available.
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- Definition Increase (decrease) in earning per share resulting from changes in estimate. No definition available.
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- Definition Increase in net loss(income) resulting from changes in estimate. No definition available.
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- Definition Represent lease term during the reporting period. No definition available.
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- Definition Average number of shares overstated in calculating basic and diluted earning per share. No definition available.
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- Definition The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Describes the specific accounting estimate that was revised, including the nature of and justification for the revision. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per share amount effect of a restatement of results of operations on basic earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition Resulting effect of restatement to correct an error, after tax effects, on the net income of prior periods for the year in which any adjustments are first made. In statements containing more than one period, discloses the effects for each period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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