FAIR VALUE MEASUREMENT AND DERIVATIVES (Narrative) (Details) - USD ($) |
12 Months Ended | ||||
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Nov. 17, 2015 |
Jul. 02, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Sep. 23, 2015 |
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Derivative Liabilities | $ 1,067,989 | ||||
Class of Warrant or Right, Outstanding | 415,000 | ||||
Warrants and Rights Outstanding | $ 1,088,839 | ||||
Unrealized loss on derivatives | 1,513,556 | ||||
Loss on derivative liability | $ 340,978 | $ 131,530 | |||
Term of warrants | 5 years | ||||
Conversion price of warrants | $ 2.45 | $ 0.21 | |||
Dividend yield | 0.00% | ||||
Minimum [Member] | |||||
Volatility | 42.33% | ||||
Risk free rate | 0.49% | ||||
Expected term | 7 months 6 days | ||||
Maximum [Member] | |||||
Volatility | 52.08% | ||||
Risk free rate | 1.76% | ||||
Expected term | 5 years | ||||
Series A Convertible Preferred Stock [Member] | |||||
Convertible preferred stock issued during period | $ 500,000 | ||||
Convertible preferred stock dividend rate percentage | 6.00% | ||||
Convertible preferred stock term | 2 years | ||||
Convertible preferred stock conversion price per share | $ 0.26 | ||||
Term of warrants | 5 years | ||||
Conversion price of warrants | $ 0.5 |
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- Definition Term of warrants or rights outstanding. No definition available.
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- Definition The percentage rate used to calculate dividend payments on temporary equity. No definition available.
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- Definition Term that the temporary equity will remain outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount to be paid per share that is classified as temporary equity by entity upon redemption. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of new stock classified as temporary equity issued during the period. No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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