DERIVATIVE LIABLITY (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative activity

A summary of derivative activity for the three months ended March 31, 2017 is as follows:

Balance at December 31, 2016	$	18,056,631
Modification of derivatives		319,770
Cancellation of warrants previously accounted for as derivative liabilities and elimination of derivative conversion features resulting from conversion of related debt to equity		(11,213,573	)
Reclassification of derivatives to equity upon removal of price protection in warrants		(7,614,974	)
Change in fair value		452,146
Balance at March 31, 2017	$	—