Transition report pursuant to Rule 13a-10 or 15d-10

COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)

v3.3.1.900
COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2015
COMMON STOCK, PREFERRED STOCK AND WARRANTS [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights
                         
   

Number of

warrants

 

Exercise price

per share

 

Average remaining term

in years

 

Aggregate

fair value

Warrants issued in connection with issuance of Debentures     415,000   $ 2.45     3.30   $ 79,943
Warrants issued in connection with issuance of Preferred Stock      961,538   $ 0.50     4.95   $ 51,203