Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details 3)

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FAIR VALUE (Details 3) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Gain on derivatives resulting from change in fair value $ 2,824,722 $ 288,251  
Fair Value, Inputs, Level 3 [Member]      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Beginning balance - Fair value 2,067,000 $ 1,127,500 $ 1,127,500
Fair value of warrants issued in connection with the October 2015 offering 0   3,272,000
Gain on derivatives resulting from change in fair value (603,000)   (2,332,500)
Ending balance - Fair value $ 1,464,000   $ 2,067,000