Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details 3)

v3.5.0.2
FAIR VALUE (Details 3) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 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 $ 198,370 $ 4,124 $ 3,023,092 $ 292,375  
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     (587,000)   (2,332,500)
Reclassification to equity for warrants that are no longer derivative instruments     (1,392,000)   0
Ending balance - Fair value $ 88,000   $ 88,000   $ 2,067,000