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NET LOSS PER SHARE (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Earnings Per Share [Abstract]    
Dilutive effect on earnings per share  
The following summarizes equity instruments that may, in the future, have a dilutive effect on earnings per share:

 

 

December 31,

 

 

2016

 

2015

Stock options

 

8,818,400

 

2,509,000

Warrants

 

9,783,343

 

2,322,700

Common stock upon conversion of debt

 

 

31,661

Stock payable

 

 

630,000

 

 

18,601,743

 

5,493,361

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

Three months ended September 30,

 

Nine months ended

September 30,

 

 

2017

 

2016

 

2017

 

2016

Net income (loss)

$

586,873

$

(14,447,094)

$

4,225,197

$

(16,971,797)

Gain on derivative warrant liability

 

(2,421,000)

 

 

(10,580,000)

 

 

$

(1,834,127)

$

(14,447,094)

$

(6,354,803)

$

(16,971,797)

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock

 

20,654,502

 

15,495,421

 

19,883,329

 

15,270,968

Warrants – Debt

 

4,778,627

 

 

4,960,848

 

Stock options

 

3,662,422

 

 

4,667,825

 

Other warrants

 

91,224

 

 

112,186

 

Common stock and equivalents

 

29,186,775

 

15,495,421

 

29,624,188

 

15,270,968

 

 

 

 

 

 

 

 

 

Net income (loss) per share

 

 

 

 

 

 

 

 

Basic

$

0.03

$

(0.93)

$

0.21

$

(1.11)

Diluted

 

(0.06)

 

(0.93)

 

(0.21)

 

(1.11)