RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Details 1) (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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Consolidated Statement of Operations Data: | ||
Gain on revaluation of derivative warrants | $ 2,285,157us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet | $ 2,373,941us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet |
Total other income, net | 1,838,843us-gaap_NonoperatingIncomeExpense | 1,619,636us-gaap_NonoperatingIncomeExpense |
Net loss | (8,052,102)us-gaap_NetIncomeLoss | (10,782,168)us-gaap_NetIncomeLoss |
Basic and diluted net loss per common share | $ (1.75)us-gaap_EarningsPerShareBasicAndDiluted | $ (3.86)us-gaap_EarningsPerShareBasicAndDiluted |
Scenario, Previously Reported [Member] | ||
Consolidated Statement of Operations Data: | ||
Gain on revaluation of derivative warrants |
2,230,864us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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Total other income, net |
1,784,550us-gaap_NonoperatingIncomeExpense / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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Net loss |
(8,106,395)us-gaap_NetIncomeLoss / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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Basic and diluted net loss per common share |
$ (1.77)us-gaap_EarningsPerShareBasicAndDiluted / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
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Restatement Adjustment [Member] | ||
Consolidated Statement of Operations Data: | ||
Gain on revaluation of derivative warrants |
54,293us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
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Total other income, net |
54,293us-gaap_NonoperatingIncomeExpense / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
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Net loss |
$ 54,293us-gaap_NetIncomeLoss / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
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Basic and diluted net loss per common share |
$ 0.01us-gaap_EarningsPerShareBasicAndDiluted / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
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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
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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