NET LOSS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Schedule of calculation of net earnings per share

The following sets forth the denominator used in the calculations of basic net loss per share and net loss per share assuming dilution:

	Year ended December 31, 2016		Year ended December 31, 2015
Denominator for basic net loss per share, weighted average shares outstanding		28,715,010		27,855,268
Dilutive effect of common stock options		N/A		N/A
Dilutive effect of Series C convertible preferred stock and convertible debt		N/A		N/A
Denominator for net loss per share, assuming dilution		28,715,010		27,855,268

Schedule of potentially dilutive securities

Potentially dilutive securities outstanding are summarized as follows:

	December 31, 2016		December 31, 2015
Exercise of common stock options		1,502,500		2,038,500
Exercise of common stock warrants		9,625,042		9,207,486
Conversion of Series C convertible preferred stock		2,320,760		2,450,980
Conversion of convertible debt		18,500,915		11,442,095
Total		31,949,217		25,139,061