DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of assumptions for valuation of warrants

The Company calculated the fair value of the warrants using the Black-Scholes Model as of March 31, 2017 and the Monte Carlo Simulation as of December 31, 2016, using the following assumptions:

	March 31, 2017			December 31, 2016
Fair value of common stock	$	18.46		$	18.93
Remaining life of the warrants (in years)	.9 - 2.8 years			1.2 - 3.0 years
Risk-free interest rate	1.0 - 1.4%			.89 - 1.48%
Expected volatility	45 - 61%			55 - 75%
Dividend yield	—		%	—		%