CHANGE IN ACCOUNTING PRINCIPLE (Tables)

3 Months Ended

Mar. 31, 2018

Statement of Operations [Member]

CHANGE IN ACCOUNTING PRINCIPLE (Tables) [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The changes to our consolidated statement of operations for the period ended March 31, 2017, are as follows:

		Previously Reported		Currently Reported		Effect of Change
Amortization of debt discount	$	695,032	$	364,933	$	(330,099)
Gain on derivative warrant liability		(5,132,000)		–		5,132,000
Total other (income) expense, net		(4,358,937)		442,964		4,801,901
Net income (loss)		2,171,815		(2,630,086)		(4,801,901)
Net income (loss) per share	$	0.11	$	(0.14)	$	(0.25)

Statement of Cash Flows [Member]

CHANGE IN ACCOUNTING PRINCIPLE (Tables) [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The changes to our consolidated statement of cash flows for the period ended March 31, 2017, are as follows:

		Previously Reported		Currently Reported		Effect of Change
Net income (loss)	$	2,171,815	$	(2,630,086)	$	(4,801,901)
Amortization of debt discount		695,032		364,933		(330,099)
Gain on derivative warrant liability		(5,132,000)		–		5,132,000
Net cash used in operating activities		(958,706)		(958,706)		–
Non-Cash Transactions
Portion of Warrant derivative liability recorded as Additional paid-in capital upon exercise of warrants		(5,828,000)		–		5,828,000