FAIR VALUE (Details 4) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
| Gain on derivatives resulting from change in fair value | $ 3,667,826 | $ 2,285,157 |
| Fair Value, Inputs, Level 3 [Member] | ||
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
| Beginning fair value of warrants | 1,127,500 | 3,355,000 |
| Fair value of warrants issued in connection with the October 2015 offering | 3,272,000 | 0 |
| Gain on derivatives resulting from change in fair value | (2,332,500) | (2,227,500) |
| Ending fair value of warrants | $ 2,067,000 | $ 1,127,500 |
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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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- Details
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