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STOCK BASED COMPENSATION (Details Textual) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Sep. 28, 2010
Stock-based Compensation [Line Items]      
Share-based Compensation $ 192,457 $ 148,869  
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period 2 years 5 months 5 days    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares 1,477,401    
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized $ 1,233,702    
Stock Option and Incentive Plan 2010 [Member]      
Stock-based Compensation [Line Items]      
Shares held in Employee Stock Option Plan, Suspense Shares     1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant 2,827,954