Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Income Taxes by Jurisdiction) (Details)

v3.3.1.900
INCOME TAXES (Income Taxes by Jurisdiction) (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
U.S. federal    
Current $ 0 $ 0
Deferred 0 0
Total U.S. federal 0 0
U.S. state and local    
Current 1,000 1,000
Deferred 0 0
Total U.S. state and local 1,000 1,000
Total income taxes 1,000 1,000
Income taxes differ from the amounts computed by applying the U.S. federal income tax rate to pretax income (loss) before income taxes    
Expected income tax expense (3,291,000) (3,308,000)
State income tax (benefit), net of federal benefit 1,000 1,000
Valuation Allowance 3,426,000 2,868,000
Permanent Differences:    
Stock Options 131,000 0
Change in Fair Market Value — Financing Warrant Expenses 0 130,000
Other 10,000 147,000
Interest Expenses — Disqualified Debt 0 514,000
Research & Development Credit (174,000) (169,000)
Adjustment to Deferred Taxes (102,000) (182,000)
Total income taxes $ 1,000 $ 1,000