DERIVATIVE LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Financial Instruments, Liabilities [Member]

DERIVATIVE LIABILITY [Line Items]

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following are the key assumptions used in connection with the valuation of the conversion option on the date of issuance, at December 31, 2014 and March 31, 2015:

	Series A			Series B (31 Group)			Series B (Related Party)			Series C
Date of issuance		12/30/2014			2/11/2015			2/24/2015			2/24/2015
Number of shares convertible into		750,000			350,000			845,000			1,800,000
Fair market value of stock	$	0.51		$	0.42		$	0.45		$	0.45
Conversion price	$	0.57		$	0.357		$	0.40		$	0.40
Volatility		131	%		143.4	%		143.4	%		143.4	%
Risk-free interest rate		0.13	%		0.26	%		0.26	%		0.26	%
Expected dividend yield		—			—			—			—
Life of convertible preferred stock (years)		1			1			1			1

	Series A		Series B (31 Group)			Series B (Related Party)		Series C
Number of shares convertible into on March 31, 2015		—		250,000			—		1,589,720
Fair market value of stock		—	$	0.279			—	$	0.279
Conversion price		—	$	0.2295			—	$	0.2295
Volatility		—		105.4	%		—		105.4	%
Risk-free interest rate		—		0.99	%		—		0.99	%
Expected dividend yield		—		—			—		—
Life of convertible preferred stock (years)		—		0.85			—		0.90

Preferred Stock [Member]

DERIVATIVE LIABILITY [Line Items]

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 derivative liabilities for the quarter ended March 31, 2015:

	Series A		Series B (31 Group)		Series B (Related Party)		Series C		Total
Balance at January 1, 2015		270,000		—		—		—		270,000
Additions to conversion option derivative liability		—		84,000		220,000		468,000		772,000
Additions to warrant derivative liability		—		42,000		118,000		252,000		412,000
Conversions of derivative liability		(150,000)		(24,000)		(220,000)		(55,000)		(449,000)
Change in fair market value of the derivative liabilities		(60,000)		(44,000)		(50,000)		(331,000)		(485,000)
Balance at March 31, 2015		60,000		58,000		68,000		334,000		520,000

Warrant [Member]

DERIVATIVE LIABILITY [Line Items]

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following are the key assumptions used in connection with the valuation of the warrants on the date of issuance, at December 31, 2014 and March 31, 2015:

	Series A			Series B (31 Group)			Series B (Related Party)			Series C
Date of warrant		12/30/2014			2/11/2015			2/24/2015			2/24/2015
Number of shares underlying the warrants		375,000			175,000			422,500			900,000
Fair market value of stock	$	0.51		$	0.42		$	0.45		$	0.45
Exercise price	$	2.00		$	2.00		$	2.00		$	2.00
Volatility		112.9	%		120.6	%		120.6	%		120.6	%
Risk-free interest rate		0.96	%		0.90	%		0.90	%		0.90	%
Expected dividend yield		—			—			—			—
Warrant life (years)		5			5			5			5

	Series A			Series B (31 Group)			Series B (Related Party)			Series C
Number of shares underlying the warrants on March 31, 2015		375,000			175,000			422,500			900,000
Fair market value of stock	$	0.279		$	0.279		$	0.279		$	0.279
Exercise price	$	2.00		$	2.00		$	2.00		$	2.00
Volatility		116.3	%		120.6	%		120.6	%		120.6	%
Risk-free interest rate		0.99	%		0.90	%		0.90	%		0.90	%
Expected dividend yield		—			—			—			—
Warrant life (years)		4.75			4.85			4.90			4.90