Annual report pursuant to Section 13 and 15(d)

WARRANT LIABILITIES (Schedule of Warrant Activity) (Details)

v3.3.1.900
WARRANT LIABILITIES (Schedule of Warrant Activity) (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 16, 2013
Dec. 31, 2015
Dec. 31, 2014
Jun. 03, 2014
Jun. 17, 2013
Roll forward of warrant activity          
Balance at the beginning of the period   1,039,484 680,984    
Warrants Issued   0 358,500    
Loss on change in the fair value of the warrants $ 0 $ (235,021) $ 382,000    
Balance at the end of the period   804,463 1,039,484    
Share price (in dollars per share)       $ 6.00  
Bridge warrants          
Roll forward of warrant activity          
Balance at the beginning of the period   249,999 249,999    
Balance at the end of the period   249,999 249,999    
Share price (in dollars per share)         $ 3.23
Consulting warrant          
Roll forward of warrant activity          
Balance at the beginning of the period   222,222 222,222    
Loss on change in the fair value of the warrants   $ (104,444)      
Balance at the end of the period   117,778 222,222    
Financing Warrant          
Roll forward of warrant activity          
Balance at the beginning of the period   208,763 208,763    
Loss on change in the fair value of the warrants   $ (130,577)      
Balance at the end of the period   78,186 208,763    
Exercise price (in dollars per unit/share)     $ 3.35    
Financing Warrant | IPO          
Roll forward of warrant activity          
Share price (in dollars per share)     $ 5.59 $ 6.00  
Underwriting Warrant          
Roll forward of warrant activity          
Balance at the beginning of the period   310,500 0    
Warrants Issued   0 310,500    
Balance at the end of the period   310,500 310,500    
IR consulting warrants          
Roll forward of warrant activity          
Balance at the beginning of the period   48,000 0    
Warrants Issued   0 48,000    
Balance at the end of the period   48,000 48,000