Nature of Operations [Text Block]

1 — NATURE OF OPERATIONS

Description of Business

The overarching strategy of xG Technology, Inc. (“xG”, the “Company”) is to design, develop and deliver advanced wireless communications solutions that provide customers in our target markets with enhanced levels of reliability, mobility, performance and efficiency in their business operations and missions. xG’s business lines include the brands of Integrated Microwave Technologies LLC (“IMT”), Vislink Communication Systems (“Vislink”, “VCS”), and xMax. There is considerable brand interaction, owing to complementary market focus, compatible product and technology development roadmaps, and solution integration opportunities. In addition to these brands, xG has a dedicated Federal Sector Group focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations.

IMT:

On January 29, 2016, xG completed the acquisition of the net assets that constituted the business of IMT, pursuant to an asset purchase agreement by and between xG and Skyview Capital, LLC. The IMT business develops, manufactures and sells microwave communications equipment utilizing COFDM (Coded Orthogonal Frequency Division Multiplexing) technology. COFDM is a transmission technique that combines encoding technology with OFDM (Orthogonal Frequency Division Multiplexing) modulation to provide the low latency and high image clarity required for real-time live broadcasting video transmissions. IMT has extensive experience in ultra-compact COFDM wireless technology, and this has allowed IMT to develop integrated solutions over the past 20 years that deliver reliable video footage captured from both aerial and ground-based sources to fixed and mobile receiver locations.

Vislink:

On February 2, 2017, the Company completed the acquisition of certain assets and liabilities related to the hardware segment of Vislink International Limited, an England and Wales registered limited company (the ‘‘UK Seller’’), and Vislink Inc., a Delaware corporation (the ‘‘US Seller’’, and together with the UK Seller, the ‘‘Sellers’’), pursuant to a Business Purchase Agreement, dated December 16, 2016, as amended on January 16, 2017, by and among the Company, the Sellers and Vislink PLC, an England and Wales registered limited company, as guarantor. The Company refers to the hardware segment acquired as Vislink Communications Systems (‘‘VCS’’). VCS specializes in the wireless capture, delivery and management of secure, high-quality, live video from the field to the point of usage. VCS designs and manufactures products encompassing microwave radio components, satellite communication, cellular and wireless camera systems, and associated amplifier items. VCS serves two core markets: broadcast and media and public safety and surveillance. In the broadcast and media market, VCS provides broadcast communication links for the collection of live news, sports and entertainment events. VCS’ customers in the broadcast and media market include national broadcasters, multi-channel broadcasters, network owners and station groups, sports and live broadcasters and hosted service providers. In the public safety and surveillance market, VCS provides secure video communications and mission-critical solutions for law enforcement, defense and homeland security applications. VCS’ customers in the public safety and surveillance market include metropolitan, regional and national law enforcement agencies as well as domestic and international defense agencies and organizations.

Reverse Stock Splits

On July 9, 2015, the Company’s Board of Directors (the “Board”) approved a resolution to amend the Company’s Certificate of Incorporation and to authorize the Company to effect a reverse split of the Company’s outstanding common stock at a ratio of 1-for-10. On July 17, 2015, the Company effected a one-for-ten reverse stock split. Upon effectiveness of the reverse stock split, every 10 shares of outstanding common stock decreased to one share of common stock. Throughout this report the reverse split was retroactively applied to all periods presented.

On June 10, 2016, the Company’s Board of Directors approved a resolution to amend the Company’s Certificate of Incorporation and to authorize the Company to effect a reverse split of the Company’s outstanding common stock at a ratio of 1-for-12. On June 20, 2016, the Company effected the 1-for-12 reverse stock split. Upon effectiveness of the reverse stock split, every 12 shares of outstanding common stock decreased to one share of common stock. Throughout this annual report the reverse split has been retroactively applied to all periods presented.

On December 7, 2016, the Company’s Board of Directors approved a resolution to amend the Company’s Certificate of Incorporation and to authorize the Company to effect a reverse split of the Company’s outstanding common stock at a ratio of 1-for-10. On December 15, 2016, the Company effected the 1-for-10 reverse stock split. Upon effectiveness of the reverse stock split, every 10 shares of outstanding common stock decreased to one share of common stock. Throughout this annual report the reverse split has been retroactively applied to all periods presented.

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GOING CONCERN

12 Months Ended

Dec. 31, 2016

Going Concern [Abstract]

Going Concern Disclosure [Text Block]

2 — GOING CONCERN

The Company’s consolidated financial statements have been prepared assuming it will continue as a going concern, which contemplates continuity of operations, realization of assets, and the settling of liabilities in the normal course of business. As reflected in the financial statements, the Company had an accumulated deficit at December 31, 2016 of $209.3 million and a net loss of approximately $20.9 million for the year then ended. As of December 31, 2016, the Company has been funding its business principally through debt and equity financings and advances from related parties. The Company expects cash flows from operating activities to be positively affected as a result of the acquisition of Vislink in February 2017, although no assurance can be provided of this (See Note 18). The Company continues to experience significantly long sales cycles in certain legacy areas, most notably, in the first responder, public safety, military and rural telco markets. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of at least one year from the date of filing this Annual Report.

The ability to recognize revenue and ultimately cash receipts is contingent upon, but not limited to, acceptable performance of the delivered equipment of services. If the Company is unable to raise additional capital and/or close on some of its revenue producing opportunities in the near term, the carrying value its assets may be materially impacted. The consolidated financial statements do not include any adjustments related to the recovery and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The consolidated financial statements which have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) include the accounts of xG Technology, Inc. and its wholly-owned subsidiary, Integrated Microwave Technologies, LLC (“IMT”), since the date the acquisition of IMT was completed. All intercompany transactions and balances have been eliminated in the consolidation.

Reclassifications

Certain reclassifications have been made in the consolidated financial statements for comparative purposes. These reclassifications have no effect on the results of operations or financial position of the Company.

Segment Reporting

Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the operating decision makers, or decision-making group, in making decisions on how to allocate resources and assess performance. The Company’s decision making group are the senior executive management team. The Company and the decision-making group view the Company’s operations and manage its business as one operating segment. All long-lived assets of the Company reside in the U.S.

Use of Estimates

Management makes estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates and assumptions include reserves and write-downs related to receivables and inventories, the recoverability of long-lived assets, the valuation allowance relating to the Company’s deferred tax assets, valuation of equity and derivative instruments, and debt discounts and the valuation of the assets and liabilities acquired in the acquisition of IMT.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. The Company did not have any cash equivalents on hand as of December 31, 2016 and 2015.

Concentrations of Credit Risk

The Company does not have any off-balance-sheet concentrations of credit risk. Credit risk is the risk that counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company’s credit risk is primarily attributable to its cash and account receivables. The Company’s policy is to maintain its cash with high credit quality financial institutions to limit its risk of loss exposure. During the year, the Company had cash balances in excess of the federally insured limits of $250,000. The funds are on deposit with Wells Fargo Bank, N.A. Consequently, the Company does not believe that there is a significant risk having these balances in one financial institution. The Company has not experienced any losses in its bank accounts during the years ended December 31, 2016 and 2015. For customers, management assesses the credit quality of the customer, taking into account its financial position and past experience.

Accounts Receivable and Allowance for Doubtful Accounts

The Company extends credit to its customers in the normal course of business. Further, the Company regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established loss reserves, the Company makes judgements regarding its customer’s ability to make required payments, prevailing economic conditions, past experience and other factors. As the financial condition of these factors change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. The Company maintains reserves for credit losses and losses have been within its expectations.

Inventory

Inventories, consisting principally of raw materials and finished goods, are computed using standard cost, which approximates actual cost, using the first-in, first-out (FIFO) method. Raw materials consist of purchased parts, components and supplies. The Company evaluates inventory balances and either writes-down inventory that is obsolete or based on a lower of cost or market analysis or records a reserve for slow moving or excess inventory.

Property and Equipment

Property and equipment are presented at cost at the date of acquisition. Depreciation is computed using the straight-line method over estimated useful asset lives, which range from 3 to 7 years.

Intangible Assets

Software costs incurred in the research, design and development of software for sale to others as a separate product or embedded in a product and sold as part of the product as a whole are charged to expense until technological feasibility is established. Costs incurred in connection with the enhancement of software that has reached technological feasibility are capitalized and amortized on a straight-line basis over five years, beginning when the products are offered for sale or the enhancements are integrated into the products. Management is required to use its judgment in determining whether software costs meet the criteria for immediate expense or capitalization, in accordance with GAAP. The unamortized capitalized costs of a computer software product are compared to the net realizable value of that product and any excess is written off.

The Company’s proprietary software solutions operate in a fast changing industry that may generate unknown methods of detecting and monitoring disturbances that could render its technology inferior, resulting in the Company’s results of operations being materially adversely affected. The Company does, however, closely monitor trends and changes in technologies and customer demand that could adversely impact its competitiveness and overall success. It is reasonably possible that those estimates of anticipated future gross revenues, the remaining estimated economic life of the product, or both will be reduced significantly in the near term due to competitive pressures. As a result, the Company recorded an impairment charge of $2.1 million during the year ended December 31, 2015, and an additional impairment charge of $2.7 million during the year ended December 31, 2016.

Costs incurred for product enhancements are charged to expense as research and development until the technological feasibility of the enhancement has been established. These enhancements are amortized on a straight line basis over the useful life of the product enhancement which is currently estimated to be five years beginning when the enhancements are integrated into the products that are offered for sale.

Patents and licenses are measured initially at purchase cost and are amortized on a straight line basis over their useful lives which range between 18.5 to 20 years.

The Company’s remaining intangible assets include the trade names and customer lists acquired in its acquisition of IMT. The Company amortizes Trade Names and Customer Relationships over their useful lives which range between 6 to 15 years.

Warranty Reserve

Although the Company tests its product in accordance with its quality programs and processes, its warranty obligation is affected by product failure rates and service delivery costs incurred in correcting a product failure. Should actual product failure rates or service costs differ from the Company’s estimates, which are based on limited historical data, where applicable, revisions to the estimated warranty liability would be required. The warranty reserve for the fiscal year ending December 31, 2016 and 2015 was $182,000 and $9,000, respectively. The warranty reserve increased by $167,000 upon the acquisition of IMT and the Company increased the reserve another $52,000 during the year ended December 31, 2016. The claims made during the year ended December 31, 2016 were ordinary and customary. Warranty reserve is included in accrued expenses on the accompanying consolidated balance sheet.

	Warranty Reserve
January 1, 2015	$	9,000
Warranty reserve expense		6,000
Warranty claims settled and true-up of accrual		(6,000)
December 31, 2015	$	9,000
Warranty reserve acquired in IMT acquisition		167,000
Warranty reserve expense		52,000
Warranty claims settled and true-up of accrual		(46,000)
December 31, 2016	$	182,000

Shipping and Handling Costs

Shipping and handling charges are invoiced to the customer and the Company nets these revenues against the respective costs within general and administrative expenses.

Convertible Instruments

The Company evaluates and bifurcates conversion features from the instruments containing such features and accounts for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the underlying instrument, (b) the hybrid instrument that contains both the embedded derivative instrument and the underlying instrument is not re-measured at fair value under otherwise applicable GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

Common Stock Purchase Warrants and Other Derivative Financial Instruments

The Company classifies common stock purchase warrants and other free standing financial instruments as equity if the contracts (i) require physical settlement or net-share settlement in common stock or (ii) give the Company a choice of net-cash settlement or settlement in common stock (physical settlement or net-share settlement). The Company classifies the following contracts as either an asset or a liability: contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (ii) give the counterparty a choice of net-cash settlement or settlement in common stock (physical settlement or net-share settlement) or (iii) contain reset provisions. The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required.

Treasury Stock

Shares of common stock repurchased are recorded at cost as treasury stock. When shares are reissued, the cost method is used for determining cost. In accordance with GAAP, the excess of the acquisition cost over the reissuance price of the treasury stock, if any, is recorded to additional paid-in capital, limited to the amount previously credited to additional paid-in capital, if any. Any excess is charged to accumulated deficit.

Revenue Recognition

The Company recognizes revenues when persuasive evidence of an arrangement exists, services have been rendered, the price is fixed and determinable, and collectability is reasonably assured. Revenues from management and consulting, time-and-materials service contracts, maintenance agreements and other services are recognized as the services are provided or at the time the goods are shipped and title as passed.

Research and Development Expenses

Development expenses consist primarily of salaries and related costs for technical and programming personnel associated with the Company’s software and the products for which such software is embedded. These costs are expensed as incurred.

Stock-Based Compensation

The Company accounts for stock-based awards to employees in accordance with GAAP, which requires compensation expense related to share-based transactions, including employee stock options, to be measured and recognized in the consolidated financial statements based on a determination of the fair value of the stock options.

The grant date fair value is determined using the Black-Scholes-Merton (“Black-Scholes”) pricing model. For all employee stock options, the Company recognizes expense over the employee’s requisite service period (generally the vesting period of the equity grant). The Company’s option pricing model requires the input of highly subjective assumptions, including the expected stock price volatility, and expected term. Any changes in these highly subjective assumptions significantly impact stock-based compensation expense.

Equity instruments issued to non-employees are recorded on the basis of the fair value of the instruments, as required by Accounting Standards Codification (“ASC”) 718. ASC No. 505, Equity Based Payments to Non-Employees (“ASC 505”), defines the measurement date and recognition period for such instruments. In general, the measurement date is (a) when a performance commitment, as defined, is reached or (b) when the earlier of (i) the non-employee performance is complete and (ii) the instruments are vested. The measured value related to the instruments is recognized over a period based on the facts and circumstances of each particular grant as defined in ASC 505. The unvested portions of non-employee awards are revalued each reporting period.

Impairment of Long-Lived Assets

Long lived assets, including certain intangible assets with finite lives, are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Impairment of intangible assets amounted to $2.7 million and $2.1 for the years ended December 31, 2016 and 2015, respectively.

Income Taxes

The Company accounts for income taxes using the assets and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. The Company files income tax returns in the U.S. federal jurisdiction and will be filing in various state jurisdictions. The Company recognizes the impact of an uncertain tax position in its financial statements if, in management’s judgment, the position is more-likely-than-not sustainable upon audit based upon the position’s technical merits. This involves the identification of potential uncertain tax positions, the evaluation of applicable tax laws and an assessment of whether a liability for uncertain tax positions is necessary. The Company’s policy is to classify assessments, if any, for tax-related interest expense and penalties as general and administrative expenses. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will not be realized.

Advertising Costs

Advertising costs are charged to operations as incurred. Advertising costs amounted to $188,000 and $48,000, for the years ended December 31, 2016 and 2015, respectively. Advertising costs are included in general and administrative expenses in the accompanying consolidated statement of operations.

Loss Per Share

Basic loss per common share amounts are based on weighted average number of common shares outstanding. Diluted loss per share amounts are based on the weighted average number of common shares outstanding, plus the incremental shares that would have been outstanding upon the assumed exercise of all potentially dilutive stock options, warrants, convertible preferred stock, and convertible debt. All such potentially dilutive instruments were anti-dilutive as of December 31, 2016 and 2015. At December 31, 2016 and 2015 approximately 7.6 million and 0.1 million shares underlying the convertible notes payable, convertible preferred stock, options and warrants were anti-dilutive.

Fair Value of Financial Instruments

GAAP requires disclosing the fair value of financial instruments to the extent practicable for financial instruments which are recognized or unrecognized in the consolidated balance sheet. The fair value of the financial instruments disclosed herein is not necessarily representative of the amount that could be realized or settled, nor does the fair value amount consider the tax consequences of realization or settlement.

In assessing the fair value of financial instruments, the Company uses a variety of methods and assumptions, which are based on estimates of market conditions and risks existing at the time. For certain instruments, including accrued expenses, the fair value was estimated that the carrying amount approximated fair value because of the short maturities of these instruments. All debt is based on current rates at which the Company could borrow funds with similar remaining maturities and approximates fair value.

GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use on unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is described below:

Level 1:

Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2:

Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.

Level 3:

Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis and non-recurring December 31, 2016, consistent with the fair value hierarchy provisions:

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	1,359,000	$	1,359,000
Total	$	—	$	—	$	1,359,000	$	1,359,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,183,000		1,183,000
Total	$	—	$	—	$	1,183,000	$	1,183,000

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2015, consistent with the fair value hierarchy provisions:

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	7,147,000	$	7,147,000
Total	$	—	$	—	$	7,147,000	$	7,147,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,284,000		1,284,000
Total	$	—	$	—	$	1,284,000	$	1,284,000

See Note 12 for additional disclosure regarding the Company’s warrants liabilities accounted for at fair value.

The Company’s intangible assets are tested for impairment annually or if an event occurs or circumstances change that would indicate it is more likely than not that the carrying amount may be impaired. Additionally, the Company continually evaluates whether events or changes in circumstances might indicate that the remaining estimated useful life of long-lived assets may warrant revision, or that the remaining balance may not be recoverable. The factors used to determine fair value are subject to management’s judgement and expertise and include, but are not limited to, the present value of future cash flows, net of estimated operating costs, internal forecasts, anticipated capital expenditures and discount rates commensurate with the risk and current market conditions associated with realizing the expected cash flows projected. These assumptions represent Level 3 inputs.

Recently Issued and Adopted Accounting Standards

In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-04, Intangibles — Goodwill and Other Simplifying the Test for goodwill Impairment (“ASU 2017-04”). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that Instead, under ASU 2017-04, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. This guidance is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 31, 2019, with early adoption permitted for interim or annual goodwill impairment tests performed after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements.

In December 2016, the FASB issued ASU No. 2016-20, Technical corrections and improvements to Topic 606, Revenue from Contracts with Customers. This update provides additional clarification and implementation guidance on the previously issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU No. 2014-09 supersedes nearly all existing revenue recognition guidance under GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing GAAP. The standard, as subsequently updated in July 2015, is effective for annual periods beginning after December 15, 2017, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). The Company is currently evaluating the effect that the adoption of ASU 2016-20 will have on its consolidated financial statements.

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Clarification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”), which eliminates the diversity in practice related to classification of certain cash receipts and payments in the statement of cash flows, by adding or clarifying guidance on eight specific cash flow issues. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The Company has not yet determined the effect of the adoption of this standard on the Company’s consolidated financial position and results of operations.

In May 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”), which updated ASU 2014-09. ASU 2016-12clarifies certain core recognition principles including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. ASU 2014-09 and ASU 2016-12 are effective for annual reporting periods after December 15, 2017 and interim periods within those reporting periods, and are to be applied using either the modified retrospective or full retrospective transition methods, with early adoption permitted. The Company is currently evaluating the effect that the adoption of ASU 2016-12 will have on its consolidated financial statements.

In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606), Identifying Performance Obligations and Licensing. This ASU clarifies guidance in ASU 2014-09, Revenue from Contracts with Customers related to identifying performance obligations and licensing implementation. This ASU is expected to: (i) reduce the cost and complexity of applying the guidance on identifying promised goods or services; (ii) improve guidance on criteria in assessing whether promises to transfer goods and services are separately identifiable; and (iii) improve the operability and understandability of the licensing implementation guidance. The Company is currently evaluating the impact of the adoption of ASU 2016-10 on its consolidated financial statements.

In March 2016, FASB issued accounting standards update ASU-2016-09, “Compensation –Stock Compensation (Topic 718) – Improvements to Employee Share-Based Payment Accounting”. The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payments award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. For public companies, the amendments are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any organization in any interim or annual period. The adoption of this standard did not have a material impact on the consolidated financial statements.

In March 2016, the FASB issued ASU No. 2016-08 “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).” This guidance amends the principal versus agent guidance in the new revenue standard. The amendments retain the guidance that the principal in an arrangement controls a good or service before it is transferred to a customer. The amendments clarify how an entity should identify the unit of accounting for principal versus agent evaluation and how it should apply the control principle to certain types of arrangements, such as service transactions. The amendments also reframe the indicators to focus on evidence that an entity is acting as a principal rather than an agent, revise examples in the new standard and add new examples. The Company has not yet determined the effect of the adoption of this standard on the Company’s consolidated financial position and results of operations.

In February 2016, the FASB issued ASU 2016-02, creating Topic 842, Leases which supersedes the guidance in former ASC 840, Leases, to increase transparency and comparability among organizations by requiring recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The standard will become effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. The guidance is required to be adopted at the earliest period presented using a modified retrospective approach. The Company is currently in the process of evaluating the impact this new guidance will have on its consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU No. 2015-17”), to reduce complexity and simplify the reporting of deferred income tax liabilities and assets. Current GAAP requires an entity to separate deferred income tax liabilities into current and noncurrent amounts in a classified balance sheet. The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendment of this Update. This standard is effective for the Company’s annual periods beginning after December 15, 2017 and interim periods within annual periods beginning after December 15, 2018. The Company will adopt the new standard in fiscal year 2018. The Company maintains full valuation allowances on all deferred tax balances, and therefore, the adoption of this standard is not anticipated to have a material impact on its consolidated financial statements.

In July 2015, the FASB issued Accounting Standards Update No. 2015-11, “Simplifying the Measurement of Inventory ” (“ASU 2015-11”). ASU 2015-11 requires an entity to measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using last-in, first-out (“LIFO”) or the retail inventory method. It is effective for annual reporting periods beginning after December 15, 2016. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company has not yet determined the effect of the adoption of this standard and it is expected to have a material impact on the Company’s consolidated financial position and results of operations.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU provides guidance on management’s responsibility in evaluating whether there is substantial doubt about a Company’s ability to continue as a going concern and about related footnote disclosures.

For each reporting period after this ASU is adopted, management will be required to evaluate whether there are conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date the financial statements are issued. This standard is effective for annual periods ending after December 15, 2016, and for interim periods within annual periods beginning after December 15, 2016 with early adoption permitted. The adoption of this standard did not have a material impact on the consolidated financial statements.

In April 2015, the FASB issued ASU No. 2015-3, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-3”) which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. ASU 2015-3 became effective for public companies during interim and annual reporting periods beginning after December 15, 2015. The adoption of this ASU did not have a material impact on the consolidated financial statements.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements

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ACQUISITION OF IMT

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

4 — ACQUISITION OF IMT

Acquisition of Integrated Microwave Technologies, LLC

On January 29, 2016, pursuant to an asset purchase agreement by and between the Company and IMT, the Company acquired substantially all of the assets and liabilities of IMT in connection with, necessary for or material to IMT’s business of designing, manufacturing and supplying Coded Orthogonal Frequency Division Multiplexing (COFDM) microwave transmitters and receivers serving the broadcast, sports and entertainment, military, aerospace and government markets (the ‘‘Transaction’’). The purchase price for the Transaction was $3,000,000.

On April 12, 2016, the Company and IMT entered into the Asset Purchase Modification Agreement, which terminated the Payment Notes, cancelling all principal and interest due, or to become due thereunder and instead obligated the Company to; (i) at the time of execution of the Asset Purchase Modification Agreement, pay to IMT $500,000 plus any interest accumulated on the Payment Notes prior to their being cancelled; and (ii) prior to December 31, 2016, deliver to IMT Series D Shares having an aggregate value of cash proceeds, upon conversion of such Series D Shares into the shares of common stock underlying such Series D Shares, of not less than $2,500,000, plus interest accrued thereon at 9% per annum, with such Series D Shares to be issued in tranches of $250,000 (the ‘‘Tranches’’). If IMT does not realize cash proceeds of at least $2,500,000 by December 31, 2016, the Company will be required to either issue additional shares of the Company’s common stock to IMT, or otherwise raise additional funds to cover the shortfall. Cash proceeds is determined through the cash or cash equivalent, received by IMT upon sale of shares of common stock issued to IMT upon IMT’s conversion of any Series D Shares delivered by the Company to IMT under the Asset Purchase Modification Agreement, net of any transaction costs or expenses, evidence of which shall be provided to the Company at the time of sale of such Series D Shares. Every time a new Tranche is issued, IMT shall be obligated to provide evidence of its currents cash proceeds and the remaining amount of the $2,500,000 (plus interest) remaining due. The first Tranche was due within ten days of the execution of the Asset Purchase Modification Agreement, and subsequent Tranches are due upon notice from IMT that IMT had disposed of the Series D Shares of the prior Tranche. The Company paid IMT $500,000 plus accrued interest on April 15, 2016. As of December 31, 2016, the Company has issued 5,750,000 shares of Series D Convertible Preferred Stock, of which 5,750,000 shares have been converted into 479,159 shares of common stock. Through the sale of such shares, our obligations under the Asset Purchase Modification Agreement have been reduced by approximately $1,602,000, leaving a balance of approximately $898,000.

On January 13, 2017, IMT assigned the Company’s remaining obligations to it under the Asset Purchase Modification Agreement to institutional investors (the ‘‘New Holders’’). The Company and the New Holders entered into a settlement agreement (the ‘‘Settlement Agreement’’), whereby the Company and the New Holders agreed to amend certain terms of the Asset Purchase Modification Agreement. Pursuant to the Settlement Agreement, in consideration for extending the due date from December 31, 2016, and other consideration, the remaining obligation will be increased to a principal amount of $1,350,095, which amount includes all previously accrued and unpaid interest. As a result, the due date of the obligation was extended to July 15, 2017. All other terms of the Asset Purchase Modification Agreement will remain in effect. Additionally, pursuant to the Settlement Agreement, the New Holders were granted a limited right of participation in certain future financings of the Company. On February 2, 2017, the Company and the New Holders agreed that any sales of common stock underlying the Series D Shares would not, in the aggregate, exceed 2.75% of that day’s dollar volume of the Company’s common stock traded, provided that the New Holders shall be entitled to sell no less than an aggregate of $27,500 each trading day. As of March 31, 2017, the Company has issued an additional 5,000,000 shares of Series D Convertible Preferred Stock of which 5,000,000 shares have been converted into 416,667 shares of common stock. Through the sale of such shares the Company’s obligations under the Settlement Agreement have been reduced by $648,000 leaving a principle balance of approximately $702,000.

IMT comprises the microwave brands Nucomm and RF Central, offering customers worldwide complete video solutions. Nucomm is a premium brand of digital broadcast microwave video systems. RF Central is an innovative brand of compact microwave video equipment for licensed and license-free sports and entertainment applications. IMT is a trusted provider of mission-critical wireless video solutions to state, local and federal police departments.

The Company utilized the services of an independent appraisal company, to assist it in assessing the fair value of the assets and liabilities acquired. This assessment included an evaluation of the fair value of inventory, fixed assets and the fair value of the intangible assets acquired based upon the expected cash flows from the assets acquired. Additionally, the carrying value of the remaining working capital as IMT’s management represented that the carrying value of these assets and liabilities served as a reasonable proxy for fair value. The valuation process included discussion with management regarding the history and business operations of IMT, a study of the economic and industry conditions in which IMT competes and an analysis of the historical and projected financial statements and other records and documents.

When it became apparent there was a potential for a bargain purchase gain, management reviewed the assets and liabilities acquired and the assumptions utilized in estimating their fair values. Further revisions to the estimates were not deemed to be appropriate and after identifying and valuing all assets and liabilities of the business, the Company concluded that recording a bargain purchase gain was appropriate and required under GAAP.

The Company then undertook a review to determine what factors might contribute to a bargain purchase and if it were reasonable for a bargain purchase to occur. Factors that contributed to the bargain purchase price were:

The transaction was completed with a motivated seller whose core business did not involve the day to day operations of a wireless and broadcast infrastructure company.

The industry in 2009 and 2010 experienced a downturn as decreased spending combined with economic uncertainty caused corporations to delay wireless and broadcast infrastructure upgrades. The seller believed these trends would continue and decided to sell the business.

The Company took advantage of the industry downturn to negotiate a favorable price which was less than the value of the assets acquired.

The owners of IMT were motivated to complete a transaction in order to use the proceeds for other acquisitions.

Based upon these factors, the Company concluded that the occurrence of a bargain purchase was reasonable.

Purchase Consideration

Amount of consideration:	$	3,000,000

Tangible assets acquired and liabilities assumed at fair value
Cash	$	477,000
Accounts receivable		676,000
Inventories		3,329,000
Property and equipment		1,470,000
Prepaid expenses		55,000
Accounts payable and deferred revenue		(423,000)
Deferred rent		(167,000)
Accrued expenses		(378,000)
Net tangible assets acquired	$	5,039,000

Identifiable intangible assets
Trade names and technology	$	350,000
Customer relationships		360,000
Total Identifiable Intangible Assets	$	710,000

Total net assets acquired	$	5,749,000
Consideration paid		3,000,000
Gain on bargain purchase	$	2,749,000

The following presents the unaudited pro-forma combined results of operations of the Company with IMT as if the acquisition occurred on January 1, 2015.

	For the Year Ended
	December 31,
	2016		2015

Revenues, net	$	7,058	$	8,160
Net loss allocable to common shareholders	$	(22,987)	$	(24,634)
Net loss per share	$	(37.32)	$	(391.02)
Weighted average number of shares outstanding		616		63

The unaudited pro-forma results of operations are presented for information purposes only. The unaudited pro-forma results of operations are not intended to present actual results that would have been attained had the acquisition been completed as of January 1, 2015 or to project potential operating results as of any future date or for any future periods.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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Inventory Disclosure [Text Block]

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INVENTORIES

12 Months Ended

Dec. 31, 2016

Inventory Disclosure [Abstract]

5 — INVENTORIES

Inventories included in the accompanying consolidated balance sheet are stated at the lower of cost or market as summarized below:

	December 31,		December 31,
	2016		2015
Raw materials	$	3,642,000	$	2,113,000
Finished goods		2,328,000		1,803,000
Sub-total inventories		5,970,000		3,916,000
Less reserve for slow moving and excess inventory		(3,248,000)		(1,061,000)
Total inventories, net	$	2,722,000	$	2,855,000

Inventory valuation adjustments consist primarily of items that are written off due to obsolescence or reserved for slow moving or excess inventory. The Company has recorded a reserve for inventory of $3,248,000 and $1,061,000 as of December 31, 2016 and 2015, respectively.

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ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Financing Receivables [Text Block]

6 — ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

	December 31,		December 31,
	2016		2015
Accounts receivable	$	1,696,000	$	572,000
Accounts receivable – related party (see note 17)		—		156,000
		1,696,000		728,000
Allowance for doubtful accounts		(327,000)		(87,000)
Net accounts receivable	$	1,369,000	$	641,000

During the years ended December 31, 2016 and 2015, the Company incurred bad debt expense of $631,000 and $78,000, respectively. During the year ended December 31, 2016, the Company wrote-off accounts receivable of $235,000 and accounts receivable – related party of $156,000 to bad debt (See Note 17). During the year ended December 31, 2015, the Company reversed accounts receivable of $336,000 with a corresponding reversal to deferred revenue (See Note 17).

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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

7 — PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	Useful Life
	(years)	December 31,
		2016		2015
Cost:
Furniture and equipment	3 – 7 years	$	4,640,000	$	3,157,000
Accumulated depreciation			(3,869,000)		(2,365,000)
Property and equipment, net		$	771,000	$	792,000

Depreciation of property and equipment amounted to $1,503,000 and $251,000 for the years ended December 31, 2016 and 2015, respectively.

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INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

8 — INTANGIBLE ASSETS

Intangible assets consist of the following finite assets:

									Trade Names &
	Software Development Costs				Patents & Licenses				Technology				Customer Relationships
			Accumulated				Accumulated				Accumulated				Accumulated
	Costs		Amortization		Costs		Amortization		Costs		Amortization		Costs		Amortization		Net
Balance as of December 31, 2014	$	16,455,000	$	(5,494,000)	$	12,378,000	$	(6,957,000)	$	-	$	-	$	-	$	-	$	16,382,000
Additions		2,192,000		-		-		-		-		-		-		-		2,192,000
Impairments		-		(2,092,000)		-		-		-		-		-		-		(2,092,000)
Amortization		-		(3,914,000)		-		(665,000)		-		-		-		-		(4,579,000)
Balance as of December 31, 2015	$	18,647,000	$	(11,500,000)	$	12,378,000	$	(7,622,000)	$	-	$	-	$	-	$	-	$	11,903,000
Additions		-		-		-		-		350,000		-		360,000		-		710,000
Impairments		-		(2,462,000)		-		(221,000)		-				-				(2,683,000)
Amortization		-		(3,326,000)		-		(664,000)		-		(35,000)		-		(33,000)		(4,058,000)
Balance as of December 31, 2016	$	18,647,000	$	(17,288,000)	$	12,378,000	$	(8,507,000)	$	350,000	$	(35,000)	$	360,000	$	(33,000)	$	5,872,000

Amortization of intangible assets amounted to $4,058,000 and $4,579,000 for 2016 and 2015, respectively.

Software Development Costs:

At December 31, 2016 the Company has capitalized a total of $18.6 million of software development costs. The Company recognized amortization of software development costs available for sale of $3.3 million and $3.9 million in 2016 and 2015, respectively. Based on the Company’s analysis of the net realizable value of the software development costs, an impairment charge (Level 3 in the Fair Value Hierarchy) of $2.7 million and $2.1 million was taken in 2016 and 2015, respectively, as the Company’s sales cycles continue to take longer to complete than anticipated. The remaining useful life is two years.

Patents & Licenses:

At December 31, 2016 the Company has capitalized a total of $12.4 million of patents & licenses. Included in the capitalized costs is $12.3 million of costs associated with patents and licenses that have been filed. Also included in the capitalized costs is $0.1 million of costs associated with provisional patents and pending applications which have not yet been filed. The Company amortizes patents and licenses that have been filed over their useful lives which range between 18.5 to 20 years. The costs of provisional patents and pending applications is not amortized until the patent is filed and is reviewed each reporting period to determine if it is likely that the patent will be successfully filed. The Company recognized $0.7 million of amortization expense related to patents and licenses in each of the years ended December 31, 2016 and 2015. Based on the Company’s analysis of the net realizable value of the patents, an impairment charge of $0.2 million was taken in 2016. No impairment charge was taken in 2015.

Other Intangible Assets

The Company’s remaining intangible assets include the Trade Names and customer lists acquired in its acquisition of IMT. The Company amortizes Trade Names and Customer Relationships over their useful lives which range between 6 to 15 years.

Estimated amortization expense for total intangible assets for the succeeding five years is as follows:

2017	$	1,661,000
2018		1,273,000
2019		738,000
2020		738,000
2021		738,000
Thereafter		724,000
	$	5,872,000

The Company's intangible assets acquired in 2016 will be amortized over a weighted average remaining life of approximately 4.34 years.

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OBLIGATIONS UNDER CAPITAL LEASE

12 Months Ended

Dec. 31, 2016

Leases, Capital [Abstract]

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

9 — OBLIGATIONS UNDER CAPITAL LEASE

The future minimum payments for capital leases as of December 31, 2016 are as follows:

For the year ending December 31:

2017		66,000
2018		24,000
2019		16,000
2020		14,000
Total minimum lease payments		120,000
Less amount representing interest		(13,000)
Present value of the net minimum lease payments		107,000
Less obligations under capital lease maturing within one year		58,000
Long-term portion of obligations under capital lease	$	49,000

The interest rate for the capital leases range between 7.6% and 7.9% and the leases mature between February 2018 and October 2020.

As of December 31, 2016 and 2015, the Company held equipment under capital leases in the gross amount of $120,000 and $186,000 net of accumulated amortization of $32,000 and $19,000, respectively. Amortization expense for the capital leases for the year ended December 31, 2016 and 2015 are included in the depreciation expense.

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CONVERTIBLE NOTES PAYABLE

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

10 — CONVERTIBLE NOTES PAYABLE

Treco

On October 6, 2011, the Company entered into a convertible promissory note (the “$2 Million Convertible Note”) in favor of Treco International, S.A. (“Treco”), as part of the settlement compensation to Treco for terminating an infrastructure agreement. The $2 Million Convertible Note is payable on final maturity, October 6, 2018 and is convertible, at Treco’s option, into common shares of the Company at a price of $42,000 per share. Interest at the rate of 9% per year is payable semi-annually in cash or shares, at the Company’s option. As of December 31, 2016, $2 million of principal balance was outstanding under the $2 million Convertible Note. During the years ended December 31, 2016 and 2015, the Company incurred interest expense of $180,000 per year. The accrued interest was $132,329 and $42,329 at December 31, 2016 and 2015, respectively. On April 16, 2015, the Company issued 255 shares in repayment of $90,000 of interest. On October 14, 2015, the Company issued 1,416 shares in repayment of $90,000 of interest. On July 19, 2016, the Company issued 9,653 common shares in repayment of $90,000 of interest.

Short-Term 8% Convertible Notes

Overview. On June 11, 2015, the Company entered into a securities purchase agreement (the “June 2015 Purchase Agreement”) with a group of accredited investors pursuant to which the Company sold an aggregate of $1,166,666 in principal amount of 8% Convertible Notes (the “8% Convertible Notes”) for an aggregate purchase price of $1,050,000 (the “First Tranche”). On July 14, 2015, the Company and the investors entered into an amendment to the June 2015 Purchase Agreement (the “Amendment”) pursuant to which the Company sold an additional $466,667 in principal amount of 8% Convertible Notes for a purchase price of $420,000 (the “Second Tranche”) for total net proceeds to the Company of $400,000 under the same terms as the First Tranche. The Company received aggregate net proceeds of $1,470,000 in connection with the sale of the First and Second Tranche. The Company paid a 5% fee totaling $163,500 in connection with both tranches. The aggregate original issue discount of approximately $163,333 was also recorded by the Company on the issuance dates in convertible notes payable on the consolidated balance sheets. The Company amortized the total offering costs and the total original issue discount during the year ended December 31, 2015, which is included in interest expense on the accompanying consolidated statement of operations.

Maturity and Interest. The First Tranche of 8% Convertible Notes matured on December 11, 2015, and the Second Tranche of 8% Convertible Notes matured on January 14, 2016 (each, a “Maturity Date”), less any amounts converted or redeemed prior to the respective Maturity Dates. If the 8% Convertible Notes are not repaid by the Company by the respective Maturity Dates, the Maturity Date shall be automatically extended for an additional three-month period until March 11, 2016 and April 14, 2016 for the First Tranche and Second Tranche, respectively (such period, the “Extension Period”), which extension shall not be considered an event of default. The 8% Convertible Notes currently bear interest at a rate of 8% per annum, and are subject to an increase to the lesser of 24% per annum or the maximum rate permitted under applicable law upon the occurrence of certain events of default. The Company incurred a total of $48,000 in interest associated with these notes during the year ended December 31, 2015. The accrued interest as of December 31, 2015 is $39,000.

Conversion. The 8% Convertible Notes are convertible at any time, in whole or in part, at the option of the holders into shares of common stock at a conversion price of $600 per share, which is subject to adjustment for stock dividends, stock splits, combinations or similar events. However, during the Extension Period, the conversion price shall be the lesser of (i) $600, subject to adjustment for stock dividends, stock splits, combinations or similar events, and (ii) 85% of the lowest closing price of the common stock in the twenty (20) trading days prior to the date of conversion. During the year ended December 31, 2015, the notes holders converted a total of $150,000 principal into 6,320 shares of common stock.

Prepayments and Redemptions. The Company may, at its option, prepay in cash any portion of the principal amount of the 8% Convertible Notes and any accrued and unpaid interest. If such prepayment is made within sixty (60) days after the issuance date of the 8% Convertible Notes, the Company shall pay an amount in cash equal to 125% of the sum of the then outstanding principal amount of the note and interest; thereafter, if such prepayment is made, the Company shall pay an amount in cash equal to 135% of the sum of the then outstanding principal amount of the note and interest. Within one (1) business day after the closing of any underwritten public offering of at least $7,000,000 of securities of the Company pursuant to a registration statement on Form S-1 or Form S-3 (the “Public Offering”), the Company shall prepay in cash an amount equal to (i) 125% of the sum of the then outstanding principal amount of the note and interest if the closing of the Public Offering occurs within sixty (60) days after the issuance date of the 8% Convertible Notes or (ii) 135% of the sum of the then outstanding principal amount of the note and interest if the closing of the Public Offering occurs after sixty (60) days following the issuance date of the 8% Convertible Notes.

On August 19, 2015, the Company made repayments of principal and interest of $702,000 and $9,700, respectively. In connection with the prepayments, the Company was required to make an additional payment of $234,000 as a result of the prepayment penalties disclosed above. This amount was included in Interest Expense on the consolidated Statement of Operations for the year ended December 31, 2015.

Right to Participate in Future Financings. For so long as the 8% Convertible Notes are outstanding, the holder has a right to participate in any issuance of the Company’s common stock, common stock equivalents or a combination of units thereof in an underwritten public offering (a “Subsequent Financing”), in an aggregate amount of the Subsequent Financing equal to at least $500,000, on the same terms, conditions and price provided for in a Subsequent Financing.

$500,000 Securities Purchase Agreement

On January 29, 2016, the Company entered into a securities purchase agreement pursuant to which the Company sold 5% Senior Secured Convertible Promissory Notes (the ‘‘5% Convertible Notes’’) to accredited investors for an aggregate purchase price of $500,000. In connection with the February 2016 offering (as disclosed in Note 13), all of the outstanding obligations under the 5% Convertible Notes were repaid. In connection with the repayment, the Company paid interest and prepayment penalties of $178,000, which is included in interest expense in the consolidated statements of operations for year ended December 31, 2016.

April 2016 Financing

On April 15, 2016, the Company entered into a securities purchase agreement (the ‘‘Securities Purchase Agreement’’) with certain accredited investors pursuant to which it sold a principal amount of $550,000 of 5% Senior Secured Convertible Promissory Notes for an aggregate purchase price of $500,000 (the ‘‘April 5% Convertible Notes’’). The original issue discount of $50,000 was recorded as a debt discount and was fully amortized and recorded as interest expense for the year ended December 31, 2016. In connection with the Securities Purchase Agreement, the Company also entered into a security agreement, dated April 15, 2016, pursuant to which the Company granted the investors a security interest in all of its assets. During the year ended December 31, 2016, $360,000 of principal was converted into 45,834 shares of common stock. On July 20, 2016, the Company repaid the remaining outstanding principal of $190,276, $20,625 in interest and $63,270 in prepayment penalties to the note holders. All of the Company’s obligations under the convertible notes issued in connection with the Securities Purchase Agreement have been extinguished.

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INCOME TAXES

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

11 — INCOME TAXES

The provision (benefit) for income taxes consists of the following:

	December 31,
	2016		2015
Current tax provision (benefit)
Federal	$	—	$	—
State		—		—
		—		—
Deferred tax provision (benefit)
Federal		(7,632,000)		(6,923,000)
State		106,000		(741,000)
Change in valuation allowance		7,526,000		7,664,000
Income tax provision (benefit)	$	—	$	—

A reconciliation of the statutory tax rate to the effective tax rate is as follows:

	December 31,
	2016			2015
Statutory Federal income tax rate		34.0	%		34.0	%
State and local taxes net of Federal benefit		0.53			4.15
Permanent differences		4.66			4.77
Provision to return		1.47			—
IMT opening balance		(4.65)			—
Valuation allowance		(36.01)			(42.92)
Effective tax rate		—	%		—	%

There were no uncertain tax positions taken, or expected to be taken, in a tax return that would be determined to be an unrecognized tax benefit taken or expected to be taken in a tax return that should have been recorded on the Company’s financial statements for the years ended December 31, 2016 or 2015. The Company does not expect its unrecognized tax benefit position to change during the next twelve months.

Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial accounting purposes and the amounts used for income tax reporting. Significant components of the Company’s deferred tax assets are as follows:

	December 31,
	2016		2015
Deferred Tax Assets
Federal R&D credit	$	2,586,000	$	2,285,000
Inventory		2,161,000		399,000
Allowance for bad debt		109,000		33,000
Compensation Related		77,000		68,000
Other Accruals		23,000		9,000
State NOL		5,230,000		5,094,000
Federal NOL		51,175,000		47,831,000
Property & Equipment		92,000		157,000
Stock Options		7,069,000		7,371,000
Valuation Allowance		(66,548,000)		(59,023,000)
Total Deferred Tax Assets		1,974,000		4,224,000

Deferred Tax Liabilities
Intangibles		(1,974,000)		(4,224,000)
Total Deferred Tax Liabilities		(1,974,000)		(4,224,000)

Net Deferred Tax Asset/(Liability)	$	-	$	-

Net operating losses (“NOL”) of approximately $150.5 million will expire beginning in 2027 for both federal and state purposes. The Company also has research and development credits of approximately $2.6 million which will begin to expire in 2027. The years that remained open for review by taxing authorities are 2013 to 2015 for both Federal and State Income Tax returns.

Realization of the NOL carry forwards and other deferred tax temporary differences is contingent on future taxable earnings. The Company’s deferred tax asset was reviewed for expected utilization using a “more likely than not” approach by assessing the available positive and negative evidence surrounding its recoverability. Accordingly, a valuation allowance has been recorded against the Company’s deferred tax asset, as it was determined based upon past and present losses that it was “more likely than not” that the Company’s deferred tax assets would not be realized. The valuation allowance was increased to the full carrying amount of the Company’s deferred tax assets. In future years, if the deferred tax assets are determined by management to be “more likely than not” to be realized, the recognized tax benefits relating to the reversal of the valuation allowance will be recorded. The Company will continue to assess and evaluate strategies that will enable the deferred tax asset, or portion thereof, to be utilized, and will reduce the valuation allowance appropriately as such time when it is determined that the “more likely than not” criteria is satisfied.

The net operating loss carryovers may be subject to annual limitations under Internal Revenue Code Section 382, and similar state provisions, should there be a greater than 50% ownership change as determined under the applicable income tax regulations. The amount of the limitation would be determined based on the value of the Company immediately prior to the ownership change and subsequent ownership changes could further impact the amount of the annual limitation. An ownership change pursuant to Section 382 may have occurred in the past or could happen in the future, such that the NOLs available for utilization could be significantly limited. The Company plans to perform a Section 382 analysis in the future.

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DERIVATIVE LIABILITIES

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

12 — DERIVATIVE LIABILITIES

Each of the warrants issued in connection with the August 2015 underwritten offering, the February 2016 Series B Preferred Stock Offering, May 2016 Financing and July 2016 Financing have been accounted for as derivative liabilities as each of the warrants contain a net cash settlement provision whereby, upon certain fundamental events, the holders could put the warrants back to the Company for cash.

The following are the key assumptions that were used in connection with the valuation of the warrants exercisable into common stock as of December 31, 2016 and 2015:

	Years Ended
	December 31,
	2016			2015
Number of shares underlying the warrants		977,751			154,543
Fair market value of stock	$	1.35		$	27.60
Exercise price	$	2.00 to 2,400		$	90 to $2,400
Volatility		173% to 201	%		116% to 140	%
Risk-free interest rate		1.20% to 1.93	%		0.48% to 1.2	%
Expected dividend yield		—			—
Warrant life (years)		1.8 to 4.55			2.8 to 4.88

Level 3 liabilities are valued using unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the liabilities. For fair value measurements categorized within Level 3 of the fair value hierarchy, the Company’s accounting and finance department, who report to the Chief Financial Officer, determine its valuation policies and procedures. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s accounting and finance department and are approved by the Chief Financial Officer.

Level 3 Valuation Techniques:

Level 3 financial liabilities consist of the derivative liabilities for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Changes in fair value measurements categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. The Company deems financial instruments which do not have fixed settlement provisions to be derivative instruments. In accordance with GAAP the fair value of these warrants is classified as a liability on the Company’s consolidated balance sheets because, according to the terms of the warrants, a fundamental transaction could give rise to an obligation of the Company to pay cash to its warrant holders. Such instruments do not have fixed settlement provisions and have also been recorded as derivative liabilities. Corresponding changes in the fair value of the derivative liabilities are recognized in earnings on the Company’s consolidated statements of operations in each subsequent period.

The Company’s derivative liabilities are carried at fair value and were classified as Level 3 in the fair value hierarchy due to the use of significant unobservable inputs. In order to calculate fair value, the Company uses a binomial model style simulation, as the value of certain features of the warrant derivative liabilities would not be captured by the standard Black-Scholes model.

The following table sets forth a summary of the changes in the fair value of our Level 3 financial liabilities that are measured at fair value on a recurring basis:

	Years Ended
	December 31,
	2016		2015
Beginning balance	$	1,284,000	$	270,000
Recognition of conversion feature liability		—		769,000
Recognition of warrant liability on issuance dates		4,823,000		7,268,000
Reclassification to stockholders’ equity upon exercise		(2,379,000)		(4,464,000)
Change in fair value of derivative liabilities		(2,545,000)		(2,559,000)
Ending balance	$	1,183,000	$	1,284,000

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Preferred Stock [Text Block]

XML 44 R19.htm IDEA: XBRL DOCUMENT

PREFERRED STOCK

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

13 — Preferred Stock

In March 2013, by approval of the majority of the shareholders, the Company was authorized to issue 10,000,000 shares of “Blank Check” preferred stock, par value $0.00001 per share. On December 31, 2014, 3,000,000 shares were designated as authorized Series A Convertible Preferred Stock. On February 11, 2015, 3,000,000 shares were designated as authorized Series B Convertible Preferred Stock. On February 24, 2015, 3,000,000 shares were designated as authorized Series C Convertible Preferred Stock. On February 5, 2016, the Company terminated the Series A Preferred Stock and Series C Preferred Stock and increased the number of designated Series B Convertible Preferred Stock to 5,000,000. On April 25, 2016, 5,000,000 shares were designated as authorized Series D Convertible Preferred Stock. On December 6, 2016, we terminated our Series B Preferred Stock and on December 21, 2016, 5,000 shares were designated as authorized Series E Convertible Preferred Stock.

Series A Convertible Preferred Stock

On December 30, 2014, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with 31 Group, LLC (“31 Group”) pursuant to which the Company sold to 31 Group, for a purchase price of $750,000, 750,000 shares of Series A Convertible Preferred Stock, par value $0.00001 per share (the “Series A Preferred Stock”) and warrants (the “Warrants”) to purchase 313 shares of common stock. The Company also issued to 31 Group 28 shares of common stock in consideration of 31 Group’s execution and delivery of the Purchase Agreement (the “Commitment Shares”).

The warrants were exercisable immediately for a period of five years from their issue date. The exercise price with respect to the warrants is $2,400 per share but was subsequently reduced to $1,380 on June 11, 2015. The exercise price for the warrants is subject to adjustment upon certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate change and dilutive issuances. In addition, the warrants also contain a net cash settlement provision whereby, upon certain fundamental events, the holders could put the warrants back to the Company for cash. The change in fair value of the warrant liabilities was measured on the date of exercise and was not material to the Company’s results of operations.

Holder Optional Redemption after Maturity Date

At any time from and after the tenth business day prior to the maturity date, December 30, 2015, any holder may require the Company to redeem all or any number of Series A Preferred Stock held by such holder at a purchase price equal to 105% of the conversion amount.

Ranking

The Series A Preferred Stock will rank with respect to dividend rights and/or rights upon distributions, liquidation, dissolution or winding up of the Company senior to all of the Company’s common stock and other classes of capital stock, unless the holders of a majority of the outstanding shares of Series A Preferred Stock consent to the creation of parity stock or senior preferred stock.

Liquidation Preference of Series A Preferred Stock

Upon the voluntary or involuntary liquidation, dissolution or winding up of the Company, before the payment of any amount to the holder of shares of junior stock, but pari passu with any parity stock, the holders of Series A Preferred Stock are entitled to receive an amount equal to the greater of (i) the stated value of the Series A Preferred Stock or (ii) the amount the holder of Series A Preferred Stock would receive if such holder converted the Series A Preferred Stock into common stock immediately prior to the date of the liquidation event, including accrued and unpaid dividends.

Dividends on Series A Preferred Stock

Holders of Series A Preferred Stock shall be entitled to receive from the first date of issuance of the Series A Preferred Stock cumulative dividends at a rate of 7.0% per annum on a compounded basis. The Company shall have the right to pay dividends in cash or shares of common stock on the Maturity Date or in cash on any applicable redemption date or, with respect to Series A Preferred Stock subject to conversion into common stock, as part of the conversion amount.

Redemption of Series A Preferred Stock

Upon the occurrence of certain triggering events as defined in the certificate of designation, the holder of Series A Preferred Stock shall have the right to require the Company, by written notice, to redeem all or any of the shares of Series A Preferred Stock at a price equal to the greater of (i) 125% of the conversion amount to be redeemed and (ii) the product of (a) the conversion amount divided by 85% of the average of the five (5) lowest volume weighted average prices of the common stock during the twenty (20) consecutive trading day period ending the trading day immediately preceding the delivery of the applicable conversion notice multiplied by (b) 125% of the greatest closing sale price of the common stock on any trading day during the period commencing on the date immediately preceding such triggering event and ending on the date the Company makes the entire redemption payment to the holder of Series A Preferred Stock.

Upon the occurrence of a change in control of the Company, a holder of Series A Preferred Stock shall have the right to require the Company to redeem all or any portion of the Series A Preferred Stock at a price equal to 125% of the stated value of the Series A Preferred Stock. In addition, so long as certain conditions do not exist (including the Company shall have timely delivered any Common Stock upon the conversion of the Series A Preferred Stock), then the Company shall have the right to redeem all, but not less than all, of the Series A Preferred Stock outstanding in cash at a price equal to the sum of (i) 125% of the stated value of the Series A Preferred Stock and (ii) all accrued and unpaid dividends thereon.

At any time from and after the tenth (10) business day prior to the date of maturity, a holder of the Series A Preferred Stock may require the Company to redeem all or any number of Series A Preferred Stock shares held by such holder at a purchase price equal to 105% of the conversion amount of such Series A Preferred Stock shares.

Conversion Rights of Preferred Stock

A holder of Series A Preferred Stock shall have the right to convert the Series A Preferred Stock, in whole or in part, upon written notice to the Company at a conversion price equal to the lower of (i) $2,400 or (ii) 85% of the average of the five (5) lowest volume weighted average prices of the Common Stock during the twenty (20) consecutive trading day period ending the trading day immediately preceding the delivery of the applicable conversion notice (as adjusted for stock splits, share combinations and similar transactions).

Fundamental Transaction

The Company shall use its commercially reasonable efforts to not enter into a “fundamental transaction” unless the successor entity assumes the obligations of the Company under the Certificate of Designations and the successor entity (including its parent entity) is a publicly traded company whose shares of common stock are quoted or listed on an eligible national securities exchange. Upon a change of control of the Company, a holder of Series A Preferred Stock shall have the right to require the Company to redeem all or any portion of the Series A Preferred Stock at the applicable premium redemption price. A fundamental transaction is a transaction in which (i) the Company, directly or indirectly, in one or more related transactions, (a) consolidates or merges with or into any other entity (except where the Company is the surviving entity), (b) sells, leases, licenses, assigns, transfers, conveys or otherwise disposes of all or substantially all of its properties or assets to any other entity, (c) allows any other entity to make a purchase, tender or exchange offer that is accepted by such holders of more than 50% of the outstanding shares of voting stock of the Company (not including any shares of voting stock of the Company held by the entity making or party to, or associated or affiliated with the entity making or party to, such purchase, tender or exchange offer), or (d) consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with any other entity whereby such other entity acquires more than 50% of the outstanding shares of voting stock of the Company (not including any shares of voting stock of the Company held by the other entity making or party to, or associated or affiliated with the other entity making or party to, such stock or share purchase agreement or other business combination), or (e) reorganizes, recapitalizes or reclassifies the Common Stock (which shall not include a reverse stock split), or (ii) any “person” or “group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act of 1934, as amended, (the “Exchange Act”) and the rules and regulations promulgated thereunder) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and outstanding voting stock of the Company.

Voting Rights

Holders of Series A Preferred Stock shall have no voting rights.

Conversions Series A Preferred Stock

During the year ended December 31, 2015, 750,000 of the Series A Preferred Stock and 52,500 shares of Series A Preferred Stock issued as dividends have been converted into 1,994 shares of common stock. As a result of the conversion, the preferred stock value, net of discounts of $378,000, and the $150,000 derivative liability arising from the conversion feature were reclassified to stockholders’ equity. The aggregate grant date fair value of the common stock issued upon conversion was $1,011,000 and as result, the Company recorded $483,000 of dividends and deemed dividend.

Series B Convertible Preferred Stock

31 Group LLC Offering

On February 11, 2015, the Company entered into a purchase agreement, pursuant to which the Company sold to the 31 Group, 350,000 shares of the Company’s Series B Convertible Preferred Stock, par value $0.00001 per share (the “Series B Preferred Stock”) and warrants to purchase 146 shares of the Company’s common stock for a purchase price of $350,000 (the “Series B Financing”). The Company also issued 21 shares of its common stock with a grant date value of approximately $10,000 in consideration of 31 Group’s execution and delivery of the purchase agreement. The Company incurred costs associated with the offering of $89,000.

The warrants are exercisable immediately for a period of five years from their issue date. The exercise price with respect to the warrants is $2,400 per share and were subsequently lowered to $1,380 as of June 11, 2015. The exercise price for the warrants is subject to adjustment upon certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate change and dilutive issuances. In addition, the warrants also contain a net cash settlement provision whereby, upon certain fundamental events, the holders could put the warrants back to the Company for cash.

On July 20, 2015, and effective June 11, 2015, the Company amended the warrants issued to investors of the Series B Preferred Stock to lower the exercise price from $2,400 per share to $1,380 per share except for the warrants issued to certain family members of George Schmitt, which retained an exercise price of $2,400 per share (see below). The change in fair value of the warrant liabilities was measured on the date of modification and was not material to the Company’s results of operations.

Liquidation Preference of Series B Preferred Stock

The Series B Preferred Stock rank pari passu with our Series A Preferred Stock with respect to dividend rights and/or rights upon distributions, liquidation, dissolution or winding up of the Company and have the same terms and preferences as the Series A Preferred Stock except for the following:

Dividends on Series B Preferred Stock

Holders of Series B Preferred Stock shall be entitled to receive from the first date of issuance of the Series B Preferred Stock cumulative dividends at a rate of 7.0% per annum on a compounded basis. The Company shall have the right to pay dividends in cash or shares of common stock on the Maturity Date or in cash on any applicable redemption date or, with respect to Series B Preferred Stock subject to conversion into common stock, as part of the conversion amount.

Conversion Rights of Series B Preferred Stock . A holder of Series B Preferred Stock shall have the right to convert the Series B Preferred Stock, in whole or in part, upon written notice to the Company at a conversion price equal to the lower of (i) $2,400 or (ii) 85% of the lowest volume weighted average price of the common stock of the Company during the five (5) consecutive trading day period ending and including the trading day immediately preceding the delivery of the applicable conversion notice (as adjusted for stock splits, share combinations and similar transactions).

Conversions of Series B Preferred Stock

During the first and second quarters of 2015, 350,000 of the Series B Preferred Stock and 24,500 shares of Series B Preferred Stock issued as dividends were converted into 1,523 shares of common stock. As a result of the conversion, the preferred stock value, net of discounts of $125,000, and the $54,000 derivative liability arising from the conversion feature were reclassified to stockholders’ equity. The aggregate grant date fair value of the common stock issued upon conversion was $474,000 and as result, the Company recorded $295,000 of dividends and deemed dividend.

Related Party Extinguishment

On December 30, 2014, the Company received a $245,000 loan from George Schmitt, the Company’s Chairman of the Board and Chief Executive Officer. This amount was recorded as a due to related parties on the consolidated balance sheet. On January 8, 2015, the Company repaid $100,000 of the $245,000 due to related party balance owed to Mr. Schmitt. On January 29, 2015 and February 13, 2015, the Company received an aggregate $700,000 from certain family members of Mr. Schmitt. This amount was recorded in due to related parties on the consolidated balance sheet. On February 23, 2015, Mr. Schmitt transferred the remaining balance of his $145,000 loan to certain family members bringing the total the Company owed to Mr. Schmitt’s family members to $845,000. See Note 17 for additional details.

On February 23, 2015, the Company issued 845,000 shares of Series B Preferred Stock, 45 shares of common stock, and warrants to purchase an aggregate 353 shares of common stock exercisable for five years at a price of $2,400 per share in full settlement and extinguishment of the $845,000 due to related parties. The grand date fair value of the consideration issued by the Company on the settlement date approximated the $845,000 due to related parties that was settled. Upon certain fundamental events, the warrants could be redeemed by the holders of the warrants at fair market value estimated using Black Scholes. The exercise price for the warrants is subject to adjustment upon certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate change and dilutive issuances. In addition, the warrants also contain a net cash settlement provision whereby, upon certain fundamental events, the holders could put the warrants back to the Company for cash.

On February 23, 2015, 845,000 of the Series B Preferred Stock were converted into 1,857 shares of common stock. As a result of the conversion, the preferred stock value of $703,000, net of discounts was reclassified to stockholders’ equity. The aggregate grant date fair value of the common stock issued upon conversion was $1,003,000 and as result, the Company recorded $300,000 of dividends and deemed dividend.

February 2016 Financing

On February 29, 2016, the Company closed a public offering of 29,639 Units, at a price of $120.00 per Unit, each of which consists of one share of Series B Preferred Stock (as amended) and 0.5 of a Warrant to purchase one share of its common stock at an exercise price of $25.20 per Warrant. The Company received approximately $3,557,000 in gross proceeds from the offering, and incurred costs of $604,000 which were included in temporary equity on the grant date. Roth Capital Partners acted as sole placement agent for the offering. As further discussed in Note 12, the warrants issued in connection with the February 2016 Financing contain provisions permitted the holders to net cash settle upon certain events at the Company. As such, the warrants were accounted for as derivative liabilities. Of the total gross proceeds received by the Company, $231,000 were allocated to the fair value of the warrant liabilities on the date of the transaction.

In connection with the February 2016 offering, the Company repaid $1,030,611 in principal on its 5% and 8% convertible notes, and paid, $48,113 interest and $377,935 in prepayment penalties to the note holders. All of the Company’s obligations under the 8% and 5% Convertible Notes have been extinguished.

From March 1, 2016 to December 31, 2016, all of the Company’s outstanding shares of the Series B Preferred Stock have been converted into 326,294 shares of common stock. As of December 31, 2016, none of the Series B Preferred Stock remains outstanding. As a result of the conversion, the Company recorded contractual and deemed dividends of $1,808,000, which represents the difference in the fair value of the common stock issued ($4,530,000) and original net carrying value of the preferred stock converted ($2,772,000).

Series C Convertible Preferred Stock

On February 24, 2015, the Company entered into a purchase agreement, pursuant to which the Company sold to institutional investors, 1,800,000 shares of the Company’s Series C Preferred Stock, par value $0.00001 per share (the “Series C Preferred Stock”) and warrants to purchase 750 shares of the Company’s common stock for a purchase price of $1,800,000 (the “Series C Financing”). The Company also issued 99 shares of its common stock with a grant date value of approximately $53,000 in consideration of the investors’ execution and delivery of the purchase agreement. The Company paid offering costs of $84,000 in connection issuance of the Series C Preferred Stock.

The warrants are exercisable immediately for a period of five years from their issue date. The exercise price with respect to the warrants is $2,400 per share which was subsequently lowered to $1,380 as of June 11, 2015. The exercise price for the warrants is subject to adjustment upon certain events, such as stock splits, combinations, dividends, distributions, reclassifications, mergers or other corporate change and dilutive issuances. In addition, the warrants also contain a net cash settlement provision whereby, upon certain fundamental events, the holders could put the warrants back to the Company for cash.

On July 20, 2015, and effective June 11, 2015, the Company amended the warrants issued to investors of the Series C Preferred Stock to lower the exercise price from $2,400 per share to $1,380 per share. The change in fair value of the warrant liabilities was measured on the date of modification was not material to the Company’s results of operations.

Liquidation Preference of Series C Preferred Stock

The Series C Preferred Stock rank pari passu with our Series A Preferred Stock and our Series B Preferred Stock with respect to dividend rights and/or rights upon distributions, liquidation, dissolution or winding up of the Company and have the same terms and preferences as the Series A and Series B Preferred Stock except for the following:

Dividends on Series C Preferred Stock

Holders of Series C Preferred Stock shall be entitled to receive from the first date of issuance of the Series C Preferred Stock cumulative dividends at a rate of 7.0% per annum on a compounded basis. The Company shall have the right to pay dividends in cash or shares of common stock on the Maturity Date or in cash on any applicable redemption date or, with respect to Series C Preferred Stock subject to conversion into common stock, as part of the conversion amount.

Conversion Rights of Series C Preferred Stock

Upon the occurrence of certain triggering events (including the Series C Preferred Stock or common stock underlying the Series C Preferred Stock is not freely tradeable without restriction; the failure of the common stock to be listed on the NASDAQ Capital Market or other national securities exchange; and bankruptcy, insolvency, reorganization or liquidation proceedings instituted against the Company shall not be dismissed in thirty (30) days or the voluntary commencement of such proceedings by the Company), the holder of Preferred Stock shall have the right to require the Company, by written notice, to redeem all or any of the shares of Series C Preferred Stock at a price equal to the greater of (i) 125% of the conversion amount to be redeemed and (ii) the product of (a) the conversion amount divided by the lower of (x) $2,400 or (y) 85% of the lowest volume weighted average price of the common stock of the Company during the five (5) consecutive trading day period ending and including the trading day immediately preceding the delivery of the applicable conversion notice multiplied by (b) 125% of the greatest closing sale price of the common stock on any trading day during the period commencing on the date immediately preceding such triggering event and ending on the date the Company makes the entire redemption payment to the holder of Series C Preferred Stock.

Conversions of Series C Preferred Stock

During the first and second quarters of 2015, 1,800,000 shares of the Series C Preferred Stock and 126,000 shares of the Series C Preferred Stock issued as dividends were converted into 7,888 shares of common stock. As a result of the conversion, the preferred stock value, net of discounts of $943,000, and the $245,000 derivative liability arising from the conversion feature were reclassified to stockholders’ equity. The aggregate grant date fair value of the common stock issued upon conversion was $3,189,000 and as result, the Company recorded $2,001,000 of dividends and deemed dividend.

Series D Convertible Preferred Stock

As previously disclosed in Note 3, in connection with the acquisition of IMT, the Company is obligated to issue to IMT an amount of Series D Convertible Shares equal to at least $2,500,000. On the date the Asset Purchase Modification Agreement was completed, the fair value of the obligation to IMT was determined to be $2,500,000 and was included in Series D Preferred Stock Issuable on the consolidated balance sheet. During the year ended December 31, 2016, the Company issued 5,750,000 shares of its Series D Preferred Stock, of which 5,750,000 shares were then converted into 479,159 shares of the Company’s common stock. Through the sale of such shares, the principal has been reduced by approximately $1,602,000, leaving a principal balance of approximately $898,000.

Pursuant to the Asset Purchase Modification Agreement, the Company is required to issue Series D Shares to IMT on an on-going basis until IMT realizes cash proceeds of at least $2,500,000. If IMT does not realize Cash Proceeds of at least $2,500,000 by December 31, 2016, the Company will be required to either issue additional shares of common stock to IMT, or otherwise raise additional funds to cover the shortfall. The Company has accrued $1,669,000 in connection with the potential shortfall as within other expenses in the consolidated statement of operations for the year ended December 31, 2016 and within accrued expenses on the consolidated balance sheets as of December 31, 2016. Interest expense recorded for the year ended December 31, 2016 was $137,000.

The reduction in additional paid in capital in the amount of $2,479,000 represents the difference between the $3,250,000 of Series D Convertible Preferred Stock converted into common shares at a value of $771,000. The value of the common stock issued was based on the fair value of the stock determined by actual trading price quotes at the time of issuance.

Stated Value

The stated value of the Series D Convertible Preferred Stock (the “Series D Preferred Stock”) is $1.00 per share.

Ranking

The Series D Preferred Stock shall rank junior to the Series B Preferred Stock, $0.00001 par value per share, of the Company in respect of the preferences as to dividends, distributions and payments upon the liquidation, dissolution or winding up of the Company. The Series D Preferred Stock will rank senior to all of the Company’s common stock and other classes of capital stock with respect to dividend rights and/or rights upon distributions, liquidation, dissolution or winding up of the Company, other than to the Series B Preferred Stock and any class of parity stock that the holders of a majority of the outstanding shares of Series D Preferred Stock consent to the creation of.

Liquidation Preference of Preferred Stock

Upon the voluntary or involuntary liquidation, dissolution or winding up of the Company, before the payment of any amount to the holder of shares of junior stock, but pari passu with any parity stock, the holders of Preferred Stock are entitled to receive the amount equal to the greater of (i) the stated value of the Series D Preferred Stock or (ii) the amount the holder of Series D Preferred Stock would receive if such holder converted the Series D Preferred Stock into common stock immediately prior to the date of the liquidation event, including accrued and unpaid dividends.

Conversion Rights of Preferred

A holder of Series D Preferred Stock shall have the right to convert the Series D Preferred Stock, in whole or in part, upon written notice to the Company at a conversion price equal to $1.20 per share, which is adjusted for any share dividend, share split, share combination, reclassification or similar transaction that proportionately decreases or increases the common stock.

Voting Rights

Except with respect to certain material changes in the terms of the Series D Preferred Stock and certain other matters, and except as may be required by Delaware law, holders of Preferred Stock shall have no voting rights. The approval of a majority of the holders of the Series D Preferred Stock is required to amend the Certificate of Designations.

Series E Convertible Preferred Stock

Our board of directors has designated up to 5,000 shares of the 10,000,000 authorized shares of preferred stock as Series E Convertible Preferred Stock. When issued, the shares of Series E Preferred will be validly issued, fully paid and non-assessable. Each share of Series E Preferred will have a stated value of $1,000 per share. In connection with our December 2016 financing we issued 2,400 shares Series E Convertible Preferred Stock which was immediately converted into 1,200,000 shares of common stock after closing. See Note 14.

Rank.

The Series E Preferred will rank on parity to our common stock.

Conversion.

Each share of the Series E Preferred is convertible into shares of our common stock (subject to adjustment as provided in the related certificate of designation of preferences, rights and limitations) at any time at the option of the holder at a conversion price of not less than 100% of the public offering price of the common stock. Holders of Series E Preferred will be prohibited from converting Series E Preferred into shares of our common stock if, as a result of such conversion, the holder, together with its affiliates, would own more than 4.99% of the total number of shares of our common stock then issued and outstanding. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days after such

notice to us.

Liquidation Preference.

In the event of our liquidation, dissolution or winding-up, holders of Series E Preferred will be entitled to receive an amount equal to the stated value per share before any distribution shall be made to the holders of any junior securities, and then will be entitled to receive the same amount that a holder of common stock would receive if the Series E Preferred were fully converted into shares of our common stock at the conversion price (disregarding for such purposes any conversion limitations) which amounts shall be paid pari passu with all holders of common stock.

Voting Rights.

Shares of Series E Preferred will generally have no voting rights, except as required by law and except that the affirmative vote of the holders of a majority of the then outstanding shares of Series E Preferred is required to, (a) alter or change adversely the powers, preferences or rights given to the Series E Preferred, (b) amend our certificate of incorporation or other charter documents in any manner that materially adversely affects any rights of the holders, (c) increase the number of authorized shares of Series E Preferred, or (d) enter into any agreement with respect to any of the foregoing.

Dividends.

Shares of Series E Preferred will not be entitled to receive any dividends, unless and until specifically declared by our board of directors. The holders of the Series E Preferred will participate, on an as-if-converted-to-common stock basis, in any dividends to the holders of common stock.

Redemption.

We are not obligated to redeem or repurchase any shares of Series E Preferred. Shares of Series E Preferred are not otherwise entitled to any redemption rights or mandatory sinking fund or analogous fund provisions.

XML 45 R20.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stockholders Equity Note Disclosure [Text Block]

14 — STOCKHOLDERS’ EQUITY

August 2015 Underwritten Offering

On August 19, 2015, the Company closed an underwritten public offering of its Class A Units, Class B Units, Series C Warrants and Series D Warrants. The Company offered (i) 21,250 Class A Units, at a price of $120.00 per Class A Unit, each of which consists of one share of common stock and 0.5 of a Series A Warrant to purchase one share of its common stock at an exercise price of $120.00 per warrant, (ii) 20,417 Class B Units, at a price of $118.80 per Class B Unit, each of which consists of one pre-funded Series B Warrant to purchase one share of common stock and 0.5 of a Series A Warrant, (iii) 21,250 Series C Warrants, at a price of $1.20 per Series C Warrant, which is deemed to be included in the $120.00 price per Class A Unit, each to purchase one additional Class A Unit at an exercise price of $120.00, and (iv) 41,250 Series D Warrants, at a price of $1.20 per Series D Warrant, which is deemed to be included in the $118.80 price per Class B Unit, each to purchase one additional Class B Unit at an exercise price of $118.80. The Company received approximately $4,975,500 in gross proceeds from the offering, before underwriting discounts and commissions and offering expenses payable by the Company. Roth Capital Partners, LLC acted as sole book-running manager and as underwriter for the offering.

Each Series A Warrant was immediately exercisable at an initial exercise price of $120 per share. The Series A Warrants will expire on the fifth anniversary of the initial date of issuance.

Each Pre-funded Series B Warrant was immediately exercisable at an initial exercise price of $1.20 per share. The Pre-funded Series B Warrants will expire on the fifth anniversary of the initial date of issuance. Pre-funded Series B Warrants that expire unexercised will have no further value and the holder of such warrant will lose the pre-funded amount.

Each Series C Warrant was exercisable for one additional Class A Unit, each of which consists of one share of our common stock and 0.5 of a Series A Warrant to purchase one share of our common stock. The Series C Warrants are exercisable immediately at an initial exercise price of $120 per Class A Unit, subject to adjustment. Beginning at the close of trading on the 60th trading day following the date of issuance, and effective beginning on the third (3rd) trading day immediately preceding such 60th trading day, the Series C Warrants will be exercisable at a per Class A Unit exercise price equal to the lowest of (i) the then-effective exercise price per Class A Unit, (ii) 80% of the closing price of our common stock on such 60th trading day and (iii) 80% of the average of the volume weighted average price of our common stock (‘‘VWAP’’) for the three (3) trading days ending and including the 60th trading day following the date of issuance. The Series C Warrants expired at the close of business at 5:00 p.m. (New York time) on November 19, 2015, the 65th trading day following the date of issuance.

Each Series D Warrant was exercisable for one additional Class B Unit, each of which consists of one Pre-funded Series B Warrant to purchase one share of our common stock and 0.5 of a Series A Warrant to purchase one share of our common stock. The Series D Warrants are exercisable immediately at an initial exercise price of $118.80 per Class B Unit, subject to adjustment. Beginning at the close of trading on the 60th trading day following the date of issuance, and effective beginning on the third (3rd) trading day immediately preceding such 60th trading day, the Series D Warrants will be exercisable at a per Class B Unit exercise price equal to the lowest of (i) the then-effective exercise price per Class B Unit, (ii) 80% of the closing price of our common stock on such 60th trading day and (iii) 80% of the average of the VWAP for the three (3) trading days ending and including the 60th trading day following the date of issuance. The Series D Warrants will expired at the close of business at 5:00 p.m.(New York time) on November 19, 2015, the 65th trading day following the date of issuance.

As a result of the net cash settlement provisions included in each of the warrants issued in the offering, the Company recorded an aggregate $3,368,000 as a derivative liability on the date of the offering. The remaining portion of the gross proceeds of $1,607,000 was recorded by the Company to stockholders’ equity on the date of the offering. The Company allocated the aggregate costs associated with the offering of $945,000 on a pro rata basis to the warrants and common shares issued in the offering and as a result, $640,000 of the costs were expensed and $305,000 were recorded as a reduction to additional paid in capital on the date of the offering.

At various dates from the date of the offering through December 31, 2015, all 20,471 of the Series B Warrants were exercised into 20,471 shares of the Company’s common stock. The Company received $17,000 in cash as a result of the exercise and reclassified $1,197,000 of derivative liabilities to stockholders’ equity.

From October 1, 2015 through November 19, 2015, 18,750 Series C Warrants issued in our August 2015 underwritten public offering have been exercised into 18,750 Class A Units, consisting of 18,750 shares of common stock and 9,375 Series A Warrants, at an exercise price of $30.20 per share.

From October 1, 2015 through November 19, 2015, 38,875 Series D Warrants issued in our August 2015 underwritten public offering have been exercised into 38,875 Class B Units, consisting of 38,875 Series B Warrants and 19,438 Series A Warrants, at an exercise price of $30.20 per share. Of such Series B Warrants issued, 38,875 were then exercised into 38,875 shares of common stock as of December 1, 2015.

Settlement with Holders of Series B Warrants

On November 2, 2015, the Company entered into a Settlement Agreement and Mutual Release (the “Agreement”) with certain holders (the “Holders”) of the Company’s Series B Warrants to purchase common stock (the “Original Warrants”), issued in connection with the August 2015 underwritten offering. Upon the consummation of the Agreement, in full and complete satisfaction of all claims that the Holders made or could have made against the Company arising in connection with the Original Warrants, the Company delivered to the Holders new warrants initially exercisable to purchase, in the aggregate, 20,417 shares of the Company’s common stock, par value $0.00001, at an exercise price of $90 per share with an expiration date of November 2, 2018, as set forth in the Agreement.

May 2016 Financing

On May 16, 2016, the Company closed the offering of units in which the Company offered 116,667 Units, at a price of $8.40 per Unit, each of which consists of one share of the Company’s common stock, par value $0.00001 per share, and one warrant to purchase one share of the Company’s common stock at an exercise price of $13.79 per share. The Company received $793,000 in proceeds net of $187,000 of closing costs for a total value of $980,000. Roth Capital Partners acted as sole underwriter for the offering.

July 2016 Financing

On July 20, 2016, the Company completed an underwritten public offering of 730,000 Units, each of which consists of one share of our common stock, par value $0.00001 per share, and 1.25 of a warrant to purchase one share of our common stock at an exercise price of $6.85 per share. On July 15, 2016, the underwriters exercised their over-allotment option to purchase warrants to purchase 136,875 shares of common stock. We received approximately $4.3 million in net proceeds from the offering, including exercise of the over-allotment option, after deducting the underwriting discount and estimated offering expenses payable by us. Roth Capital Partners acted as sole book-running manager for the offering. Aegis Capital Corp. acted as co-lead manager for the offering.

December 2016 Financing

On December 27, 2016, the Company completed an underwritten public offering of 3,800,000 Class A Units (the ‘‘Class A Units’’), consisting of one share of common stock, par value $0.00001 and 1.25 warrants (the ‘‘Warrants’’), each whole warrant to purchase one share of common stock, and 2,400 Class B Units (the ‘‘Class B Units’’) consisting of one share of Series E Convertible Preferred Stock, together with Warrants to purchase 625 shares of Common Stock. The 2,400 shares Series E Convertible Preferred Stock were immediately converted into 1,200,000 shares of common stock after closing. The Company received approximately $8.8 million in net proceeds from the offering after deducting the underwriting discount and estimated offering expenses payable by us. Aegis Capital Corp. acted as sole book-running manager for the offering.

Shares Issued for Services

In 2016, the Company issued a total of 601,089 shares of common stock with a grant date fair value of $2,935,000 to employees, directors, consultants and general counsel in lieu of paying cash for their services.

In 2015, the Company issued a total of 15,544 shares of common stock with a grant date fair value of $1,834,000 to employees, directors, consultants and general counsel in lieu of paying cash for their services.

Stock Options — Equity Incentive Plans:

The Company’s stock option plans provide for the grant of options to purchase shares of common stock to officers, directors, other key employees and consultants. The purchase price may be paid in cash or “net settled” in shares of the Company’s common stock. In a net settlement of an option, the Company does not require a payment of the exercise price of the option from the optionee, but reduces the number of shares of common stock issued upon the exercise of the option by the smallest number of whole shares that has an aggregate fair market value equal to or in excess of the aggregate exercise price for the option shares covered by the option exercised. Options generally vest over a three year period from the date of grant and expire ten years from the date of grant.

A summary of the Company’s historical stock option plan activity as of December 31, 2016 is as follows:

					Shares		Shares		Options
Plan Name	Options Authorized		Options Granted		Exercised		Forfeited/Expired		Outstanding
2004		119		119		(56)		(63)		—
2005		119		119		(8)		(111)		—
2006		262		258		(5)		(250)		3
2007		24		22		—		(4)		18
2009		238		299		(8)		(122)		169
2013		756		411		—		(175)		236
2015		1,971		1,971		—		(553)		1,418
Total		3,489		3,199		(77)		(1,278)		1,844

The weighted average fair value of options granted was $259.20 during the year ended December 31, 2015. Each option is estimated on the date of grant, using the Black-Scholes model and the following assumptions (all in weighted averages), however no options were granted during the year ended December 31, 2016:

	2015
Exercise price	$	306
Volatility		116	%
Risk-free interest rate		1.54	%
Expected dividend yield		0	%
Expected term (years)		6

The risk-free rate is based on the rate for the U.S. Treasury note over the expected term of the option. The expected term for employees represents the period of time that options granted are expected to be outstanding using the simplified method and for non-employee options, the expected term is the full term of the option. Expected volatility is based on the average of the weekly share price changes over the shorter of the expected term or the period from the placement on London Stock Exchange’s Alternative Investment Market to the date of the grant.

A summary of the status of the Company’s stock option plans for the years ended December 31, 2016 and 2015 is as follows:

			Weighted
	Number of Options		Average
	(in Shares)		Exercise Price
Options Outstanding, January 1, 2016		2,528	$	9,588
Granted		—		—
Exercised		—		—
Forfeited or Expired		(684)		2,596
Options outstanding, December 31, 2016		1,844		1,544
Exercisable, December 31, 2016		1,129	$	2,339

As of December 31, 2016, the weighted average remaining contractual life was 7.93 years for the options outstanding and 7.62 years for the options exercisable.

Summary information regarding the options outstanding and exercisable at December 31, 2016 is as follows:

	Outstanding						Exercisable
			Weighted Average
	Number		Remaining		Weighted		Number		Weighted
	Outstanding (in		Contractual Life		Average		Exercisable (in		Average
Range of Exercise Prices	shares)		(in years)		Exercise Price		shares)		Exercise Price
$0 – 4,622		1,686		8.24	$	509		971	$	647
4,622 – 9,244		16		3.48		8,190		16		8,190
9,244 – 13,866		85		4.23		9,794		85		9,794
13,866 – 18,488		18		5.69		15,697		18		15,697
18,488 – 23,110		39		5.61		19,099		39		19,099
		1,844						1,129

Under the provisions of ASC 718, the Company recorded approximately $369,000 and $530,000 of stock based compensation expense for the years ended December 31, 2016 and 2015, respectively. Stock based compensation for employees was approximately $323,000 and $269,000 and stock based compensation expense for non-employees was approximately $46,000 and $261,000 for the years ended December 31, 2016 and 2015, respectively. As of December 31, 2016 and 2015, there was approximately $0.1 million and $0.5 million, respectively, of unrecognized compensation cost related to non-vested options under the plans. The weighted average grant date value of the options forfeited in 2016 was $2,956.

In 2016 and 2015, no options were exercised. The intrinsic value of options exercisable at December 31, 2016 and 2015 was $0 and $0, respectively. The total fair value of shares vested during 2016 and 2015 was approximately $340,000 and $498,000, respectively.

The Company had approximately $0.1 million of unrecognized stock-based compensation expense related to unvested stock options, net of estimated forfeitures, as of December 31, 2016, which we expect to be recognized over the next two years. On February 16, 2017, the Board of Directors approved a motion to cancel all outstanding stock options as the options were all out of the money.

Warrants:

The Company has issued warrants, at exercise prices equal to or greater than market value of the Company’s common stock at the date of issuance in connection with numerous financing transactions.

A summary of the warrant activity is as follows:

	Number of		Weighted
	Options/Warrants		Average
	(in Shares)		Exercise Price
Warrants Outstanding, January 1, 2016		75,163	$	505.20
Granted		7,602,945		2.92
Exercised		(64,466)		96.04
Forfeited or Expired		(7,738)		1,959.00
Warrants Outstanding, December 31, 2016		7,611,904		5.98
Exercisable, December 31, 2016		7,441,071	$	6.04

During the year ended December 31, 2016, the Company granted 7,602,945 warrants through various financings, holders exercised 64,466 warrants and 7,738 warrants were cancelled or expired. The weighted average exercise prices of warrants outstanding at December 31, 2016 is $5.98 with a weighted average remaining contractual life of 4.87 years. As of December 31, 2016 and 2015, these outstanding warrants contain no intrinsic value.

During the year ended December 31, 2016, a down round price protection was triggered for the August 2015, February 2016 and July 2016 warrants. These warrants were re-priced from exercise prices ranging from $1.00 to $6.85 per share to exercise prices ranging from $0.84 to $2.00 per share. These warrants are treated as a liability-classified award and remeasured at fair value at December 31, 2016 and shown as liabilities in the accompanying consolidated balance sheets.

Summary information regarding the warrants as of December 31, 2016 is as follows:

			Weighted Average
			Remaining
	Number Outstanding (in		Contractual Life
Exercise Price	shares)		(in years)
$2.00		6,250,000		4.99
$2.00*		1,049,376		4.55
$2.50		150,000		2.97
$8.40		20,833		4.82
$13.79		116,666		4.38
$90.00		20,417		1.84
$420.00		59		1.25
$1,380.00		1,209		3.10
$2,400.00		353		3.15
$2,625.00		143		1.88
$8,244.00		2,723		1.66
$10,500.00		118		1.04
$42,000.00		7		0.20
Outstanding, December 31, 2016		7,611,904

*Represents group of warrants repriced from $6.85 to $2.00

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Commitments and Contingencies Disclosure [Abstract]

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Contingencies Disclosure [Text Block]

15 — COMMITMENTS AND CONTINGENCIES

Leases:

The Company’s office rental, deployment sites and warehouse facilities expenses aggregated approximately $745,000 and $484,000 during the years ended December 31, 2016 and 2015, respectively. The leases will expire on different dates from 2017 through 2020. Total obligation of minimum future annual rentals, exclusive of real estate taxes and related costs, are approximately as follows:

Year Ending December 31,
2017	$	259,000
2018		174,000
2019		156,000
2020		31,000
	$	620,000

In connection with the acquisition of IMT, the Company assumed the lease obligations relating to IMT’s warehouse and office space in Mt. Olive, NJ. Payments under the Mt. Olive, NJ lease were $330,000 for the year ending December 31, 2016 and $35,000 for the year ending December 31, 2017 as the lease expired in February of 2017. In January 2017, IMT signed a new lease for warehouse and office space in Hackettstown, NJ which runs through April 29, 2020. Future payments under such lease will amount to $260,000 of which $50,000 will be for the year ending December 31, 2017.

Legal:

The Company is subject, from time to time, to claims by third parties under various legal theories. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. For the years ended December 31, 2016 and 2015, the Company did not have any legal actions pending.

Delisting Notice:

On September 28, 2015, we received written notice from NASDAQ notifying us that we were not in compliance with the minimum bid price requirement set forth in NASDAQ Listing Rule 5550(a)(2) for continued listing on NASDAQ, as the closing bid price for our common stock was below $1.00 per share for the last thirty (30) consecutive business days. In accordance with NASDAQ listing rules, we were afforded 180 calendar days, or until March 28, 2016, to regain compliance with NASDAQ Listing Rule 5550(a)(2). We were unable to regain compliance with the bid price requirement by March 28, 2016.

On March 29, 2016, we received written notice from NASDAQ that it had granted us an additional 180 calendar days, or until September 26, 2016, to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on NASDAQ, pursuant to NASDAQ Listing Rule 5810(c)(3)(A)(ii).

The NASDAQ determination to grant the second compliance period was based on our meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the NASDAQ, with the exception of the bid price requirement, and our written notice of our intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

To regain compliance, the bid price of our common stock must have a closing bid price of at least $1.00 per share for a minimum of ten (10) consecutive business days at any time during the second 180-day compliance period. On June 20, 2016, we effected a 1-for-12 reverse stock split of our outstanding common stock as a measure to regain compliance. On August 19, 2016, we filed a Definitive Proxy for a special shareholders meeting to be held on September 22, 2016, asking for the shareholders to grant the Board of Directors approval to execute another reverse stock split, if necessary. The meeting was adjourned to November 23, 2016 to allow additional time for the stockholders to vote on the proposal. On November 23, 2016, our shareholders granted a proposal to authorize the Board to amend our Certificate of Incorporation to effect a reverse stock split of all of the outstanding shares of the Company’s common stock at a specific ratio within a range from one-for-three to one-for-twenty, at any time before May 15, 2017 with such range and timing to be left to the complete discretion of the Board.

On September 27, 2016, we received a determination letter (the ‘‘Letter’’) from the staff of NASDAQ stating that we had not regained compliance with the NASDAQ minimum bid price of $1.00 requirement for continued listing set forth in NASDAQ Listing Rule 5550(a)(2) and unless we requested a hearing to appeal this determination our common stock will be delisted from The Nasdaq Capital Market.

We requested a hearing before a Nasdaq Hearing Panel (the ‘‘Panel’’), which hearing occurred on November 17, 2016. On November 21, 2016 the Panel granted the Company’s request for continued listing, subject to (i) providing updates to the Panel on the status of the Transaction, (ii) implementing a reverse stock split prior to January 3, 2017, in a ratio sufficient to enable us to demonstrate compliance with the minimum bid requirement, and (iii) having evidenced a closing bid price of $1.00 or more for a minimum of ten prior consecutive trading days by January 17, 2017. In the event the Company is unable to comply with the above, its securities may be delisted from The Nasdaq Stock Market.

On January 9, 2017, we received a letter from the staff of The Nasdaq Stock Market LLC (‘‘Nasdaq’’) stating that the Nasdaq staff determined that the Company regained compliance with the Nasdaq Capital Market minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2).

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Concentration Risk Disclosure [Text Block]

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CONCENTRATIONS

12 Months Ended

Dec. 31, 2016

Risks and Uncertainties [Abstract]

16 — CONCENTRATIONS

During the year ended December 31, 2016, the Company recorded sales to one customer $702,000 (11%) in excess of 10% of the Company’s total consolidated sales. During the year ended December 31, 2015, the Company recorded sales to two customers of $229,000 (25%), and $150,000 (16%) in excess of 10% of the Company’s total sales.

At December 31, 2016, approximately 53% of net accounts receivable was due from two customers broken down individually as follows: $499,000 (36%) and $227,000 (17%) due from unrelated parties. At December 31, 2015, approximately 100% of net accounts receivable was due from three customers broken down individually as follows: $272,000 (43%) and $231,000 (36%) due from unrelated parties, and $138,000 (21%) due from a related party.

During the year ended December 31, 2016, approximately 32% of the Company’s inventory purchases were derived from two vendors broken down individually as follows: $396,000 (21%) and $210,000 (11%). During the year ended December 31, 2015, approximately 61% of the Company’s inventory purchases were derived from three vendors broken down individually as follows: $41,000 (30%), $27,000 (19%) and $16,000 (12%).

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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2016

17 — RELATED PARTY TRANSACTIONS

MB Technology Holdings, LLC

On April 29, 2014, the Company entered into a management agreement (the “Management Agreement”) with MB Technology Holdings, LLC (“MBTH”), pursuant to which MBTH agreed to provide certain management and financial services to the Company for a monthly fee of $25,000. The Management Agreement was effective January 1, 2014. The Company incurred fees related to the Management Agreement of $300,000 and $300,000 respectively, for the years ended December 31, 2016 and 2015. Roger Branton, the Company’s Chief Financial Officer, George Schmitt, the Company’s Executive Chairman and, effective as of February 17, 2015, Chief Executive Officer, are directors of MBTH, and Richard Mooers, a director of the Company, is the Chief Executive Officer and a director of MBTH.

The Company has agreed to award MBTH a 3% cash success fee if MBTH arranges financing, a merger, consolidation or sale by the Company of substantially all of its assets. On February 24, 2015, MBTH invoiced the Company for $700,000 in fees associated with equity financings that had occurred through April 16, 2014 at a rate of 3% per financing less certain discounts. The Company incurred approximately $436,000 and $90,000 for fees associated with financings during the years ended December 31, 2016 and 2015, respectively. In addition, during the year ended December 31, 2016, the Company’s Board of Directors approved an additional $115,000 fee to be paid to MBTH as consideration for additional efforts provided by MBTH in connection with the Company’s financing and acquisition efforts. The Company recorded these fees in general and administrative expenses on the accompanying consolidated statement of operations.

On November 29, 2016, the Company and MBTH entered into an acquisition services agreement (the ‘‘M&A Services Agreement’’) pursuant to which the Company engaged MBTH to provide services in connection with merger and acquisition searches, negotiating and structuring deal terms and other related services. The M&A Services Agreement incorporates by reference the terms of the Management Agreement, as well as the Company’s agreement with MBTH on January 12, 2013 to pay MBTH a 3% success fee (the ‘‘3% Success Fee’’) on any financing arranged for the Company, merger or consolidation of the Company or sale by the Company of substantially all of its assets. The M&A Services Agreement has the following additional terms:

(1) The Company will pay MBTH an acquisition fee equal to the greater of $250,000 or 8% of the total acquisition price (the ‘‘Acquisition Fee’’). Where possible, the Company will pay MBTH 50% of the Acquisition Fee at closing of a transaction, and in any case, not later than thirty (30) days following such closing, 25% of the Acquisition Fee three (3) months following such closing and 25% of the Acquisition Fee six (6) months following such closing.

(2) In addition to any other fees, the Company will pay MBTH a due diligence fee of $250,000 only on successfully closed transactions. This due diligence fee shall be paid to MBTH as warrants to purchase shares of common stock of the Company in an amount equal to $250,000 divided by the lower of the market price of the common stock on the day of closing of the transaction or the price of equity offered to finance such acquisition. The exercise price of such warrants will be $0.01.

(3) The Company and MBTH agreed to waive the 3% Success Fee in connection with the Company’s proposed acquisition of Vislink. The Company and MBTH also agreed to waive, on a case by case basis, the 3% Success Fee whenever any future Acquisition Fee is more than $1 million.

(4) In the event the Company engages an independent, external advisor to value an acquisition and the valuation is higher than the price negotiated by MBTH on behalf of the Company, then MBTH will receive an additional fee of 5% of such gain.

(5) MBTH has the option to convert up to 50% of its fees into shares of common stock of the Company, so long as the receivable remains outstanding. The conversion price will be the lower of 110% of the price of the common stock on the day of closing of a transaction or the price of equity securities offered in connection with any acquisition financing. If MBTH converts at least 25% of its fees, then the Company agrees to register all shares of common stock of the Company held by MBTH.

(6) If MBTH’s services assist the Company in achieving forward sales of at least $50 million via acquisitions, then the Company agrees to offer MBTH a three (3) year option to acquire up to 25% of the Company’s shares of common stock outstanding after such issuance. The price per share of common stock will be 125% of the price of the Company’s common stock on the day the option is exercised.

On February 16, 2017, the Board of Directors amended the terms of the Block Purchase Option in the M&A Services Agreement to allow MBTH the option to acquire 25% of the fully diluted outstanding shares and warrants of xG Technology at a price of $2.10 per share and for a five-year term.

The M&A Services Agreement is effective as of November 1, 2016 and will automatically renew annually, unless earlier terminated by the Company or MBTH upon thirty (30) days’ written notice.

On March 3, 2016, our Board of Directors approved the issuance of up to $300,000 in shares of common stock to MBTH as compensation for financial services in connection with the IMT acquisition. Such shares of common stock were to be issued to MBTH in an initial tranche in the amount of $150,000 on March 15, 2016, which shares of common stock have not yet been issued and a second tranche to MBTH of up to $150,000 in shares of common stock if IMT achieves certain performance goals by December 31, 2016. On August 10, 2016, the disinterested members of the Board of Directors believing it to be in the best interest of the Company, resolved to pay the award in cash instead of shares. The Company accrued $150,000 in the due to related party balance owed to MBTH and has paid these cash fees during 2016.

During the year ended, December 31, 2016, the Company accrued an additional $90,000 for rent expense and $115,000 for additional management fees in the due to related party balance owed to MBTH.

During the year ended December 31, 2016, the Company issued 49,712 shares of common stock to MBTH in settlement of amounts due of $364,000. In addition, during the year ended December 31, 2016, the Company repaid $655,000 amounts due to MBTH in cash. The balance outstanding to MBTH as of December 31, 2016 is $96,000 and has been included in due to related parties on the Consolidated Balance Sheet. On February 24, 2015, the Company issued 3,326 shares of common stock to MBTH in consideration of settling $1,756,098 of amounts due to related parties at a price of $528 per share.

George Schmitt- Due to Related Party

George Schmitt, Chairman of the Board and Chief Executive Officer currently makes an annual salary of $300,000 and receives all of his compensation in shares of the Company’s common stock. In 2016, Mr. Schmitt received 46,637 shares with a fair market value of $296,000. In 2015, Mr. Schmitt received 1,346 shares with a fair market value of $135,000.

From January 1, 2015 through December 31, 2015, the Company received a total of $1,900,000 in loans from Mr. Schmitt. On August 19, 2015, the Company repaid $500,000 of the outstanding due to related party balance owed to Mr. Schmitt.

In October 2015, Mr. Schmitt agreed to convert $500,000 of existing loans due from the Company into 7,441 shares of the Company’s common stock with a grant date fair value of approximately $500,000.

On July 25, 2016, the Company repaid the outstanding principal totaling $300,000 and $70,484 in interest to Mr. Schmitt. As of December 31, 2016, the Company has repaid in full the advances George Schmitt made to the Company in 2015. For the year ended December 31, 2016, the Company accrued interest expense of $14,000, respectively.

In October 2016, the Board of Directors agreed to give George Schmitt 27,977 shares of common stock for being the guarantor of the $2.5 million debt related to the IMT acquisition and the Company recorded the fair market value of the shares at $103,000 in general and administrative expenses in the accompanying consolidated statement of operations. These common shares were issued in January 2017. At the same meeting, the Board of Directors also agreed to give George Schmitt 20,833 warrants at an exercise price of $8.40 and the Company recorded the grant date fair value of the warrants at $77,000.

Deferred Revenue

On March 31, 2015, the Company shipped additional equipment purchased by Larry Townes, a former director of xG Technology at the time of purchase order, and received a partial payment for the equipment that had been previously delivered in those transactions as the purchasers indicated that the equipment met certain technical specifications associated with their networks. Despite the technical specifications being met, the customer opted to return a portion of the equipment to the Company during the year ended December 31, 2015 resulting in the Company reversing accounts receivable of $336,000, with a corresponding reversal to deferred revenue.

In May 2015, the Company received an order for approximately $100,000 in xMax mobile broadband wireless equipment and services which will be deployed in a network to be initially installed in Escazu, Costa Rica, with plans to expand in other Latin American locations. The xMax equipment order was received from Itellum, LLC (“Itellum”), an entity owned by MBTH, a related party, one of four companies who have entered into a formal agreement to participate in the initial xMax deployment as well as expansion into other Latin American markets thereafter. The other partners include Level 3 Communications (“Level 3”), Osmin Vargas Corporacion (“OV”), and MBTH. In June 2015, the Company announced the successful installation and initial deployment of an xMax broadband network in Escazu, Costa Rica by Itellum. This represents the first stage of xMax network deployments that are expected to cover additional areas of Costa Rica, with plans for expansion into other Latin American locations. In June 2015, the Company received an additional order for approximately $58,000 in xMax mobile broadband wireless equipment and services from Itellum.

Related party revenue was $0 for the year ended December 31, 2016 compared to $156,000 for the year ended December 31, 2015. During the year ended December 31, 2016, the Company wrote-off accounts receivable – related party of $156,000 to bad debt.

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

18 — SUBSEQUENT EVENTS

Management has evaluated subsequent events or transactions occurring through the date the consolidated financial statements were issued and determined that no events or transactions are required to be disclosed herein, except as disclosed.

Acquisition of Vislink International Limited

On February 2, 2017, the Company completed the acquisition of certain assets and liabilities related to the hardware segment of Vislink International Limited, an England and Wales registered limited company (the ‘‘UK Seller’’), and Vislink Inc., a Delaware corporation (the ‘‘US Seller’’, and together with the UK Seller, the ‘‘Sellers’’), pursuant to a Business Purchase Agreement, dated December 16, 2016, as amended on January 16, 2017, by and among the Company, the Sellers and Vislink PLC, an England and Wales registered limited company, as guarantor. The Company refers to the hardware segment acquired by us as Vislink Communications Systems (‘‘VCS’’). The purchase price paid for the Transaction was an aggregate of $16 million consisting of (i) $6.5 million in cash consideration and (ii) promissory notes in the aggregate principal amount of $9.5 million (the ‘‘Notes’’). In connection with the Notes, the Company entered into a Security Agreement, dated February 2, 2017, with each of the Sellers (the ‘‘Security Agreements’’). The Notes mature on March 20, 2017 (the ‘‘Maturity Date’’). Interest on the Notes shall be payable in cash on the Maturity Date at a rate per annum equal to LIBOR plus 1.9%. Pursuant to the Security Agreements, as collateral security for the Company’s obligations under the Notes, the Company granted the Sellers a security interest in certain assets purchased from the Sellers in connection with the Transaction. Since the closing of the transaction, the Company assumed $4.6 million of additional Vislink liabilities thus reducing the principal amount due to $4.9 million. On March 17, 2017, the Company came to an agreement with the Seller where by the Company paid $2 million in cash and the Seller extinguished the remaining $2.9 million principal owed.

The preliminary fair value of the purchase consideration issued to the sellers of Vislink was allocated to the net tangible assets acquired and to the separately identifiable intangibles. The excess of the aggregate fair value of the net tangible assets and identified intangible assets has been treated as a gain on bargain purchase in accordance with ASC 805. The purchase price allocation was based, in part, on management’s knowledge of Vislink’s business and the preliminary results of a third-party appraisal commissioned by management.

Purchase Consideration

Amount of consideration:	$	16,000,000

Tangible assets acquired and liabilities assumed at preliminary fair value
Accounts receivable	$	10,231,000
Inventories		12,459,000
Property and equipment		1,284,000
Prepaid expenses		76,000
Intangible assets		5,944,000
Accounts payable and deferred revenue		(1,599,000)
Accrued expenses		(929,000)
Net tangible assets acquired	$	27,466,000

Total net assets acquired	$	27,466,000
Consideration paid		16,000,000
Preliminary gain on bargain purchase	$	11,466,000

The following presents the unaudited pro-forma combined results of operations of the Company with Vislink and IMT as if the acquisition occurred on January 1, 2015.

	For the Year Ended
	December 31,
	2016		2015

Revenues, net	$	52,191	$	78,421
Net loss allocable to common shareholders	$	(81,597)	$	(23,883)
Net loss per share	$	(132.46)	$	(379.09)
Weighted average number of shares outstanding		616		63

Nasdaq Compliance

On January 9, 2017, the Company received a letter from the staff of The Nasdaq Stock Market LLC (‘‘Nasdaq’’) stating that the Nasdaq staff determined that the Company regained compliance with the Nasdaq Capital Market minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2).

February 2017 Financing

On February 14, 2017, the Company completed a public underwritten offering of 1,750,000 shares of its Common Stock and warrants to purchase up to an aggregate of 1,312,500 shares of its Common Stock. The Company received $3,500,000 in gross proceeds from the offering, before deducting the associated underwriting discount and estimated offering expenses payable by the Company. Aegis Capital Corp. acted as sole book-running manager for the offering.

MB Technology Holdings

The Company accrued an additional $1,480,000 in acquisition fees from January 1, 2017 to March 31, 2017 in connection with the acquisition of Vislink as per the M&A Services Agreement. The $1,480,000 represents 8% of the acquisition price. The Company recorded these fees in general and administrative expenses on the accompanying consolidated statement of operations.

From January 1, 2017 to March 31, 2017, the Company issued 35,852 shares of common stock to MBTH in settlement of amounts due of $60,000.

Series D Convertible Preferred Stock Leak-Out Agreement

On February 2, 2017, the Company entered into a leak-out agreement (the ‘‘Leak-Out Agreement’’) with certain institutional investors (the ‘‘New Holders’’) which were assigned our remaining obligations to IMT under the Asset Purchase Modification Agreement, dated April 12, 2016, between us and IMT (the ‘‘Asset Purchase Modification Agreement’’). Pursuant to the Leak-Out Agreement, the New Holders agreed that any sales of common stock underlying our Series D Convertible Preferred Stock would not, in the aggregate, exceed 2.75% of that day’s dollar volume of our common stock traded, provided that the New Holders shall be entitled to sell no less than an aggregate of $27,500 each trading day.

As of March 31, 2017, the Company has issued 10,750,000 shares of Series D Convertible Preferred Stock, of which 10,750,000 shares have been converted into 895,826 shares of common stock. Through the sale of such shares, our obligations under the Settlement Agreement have been reduced by $2,249,000 leaving a principle balance of approximately $702,000. From January 1, 2017 to March 31, 2017, the Company issued 5,000,000 shares of Series D Convertible Preferred Stock, of which 5,000,000 shares have been converted into 416,667 shares of common stock.

Shares Issued Under S-8 Registration Statement

From January 1, 2017 to March 31, 2017, the Company issued a total of 462,513 shares of common stock having a fair value of $783,000 to employees, directors, consultants and general counsel in lieu of paying cash for their services.

Conversions of Warrants

From January 1, 2017 to March 31, 2017, 794,400 of the December warrants issued in connection with the December 2016 Financing, have been exercised into 794,400 shares of common stock. The Company received $1,588,800 in gross proceeds from the exercise.

Treco Issuance

From January 1, 2017 to March 31, 2017, the Company issued a total of 24,397 shares of common stock in repayment of $90,000 in interest relating to its $2 million long-term convertible note payable.

Stock Options

On February 16, 2017, the Board of Directors approved a motion to cancel all outstanding stock options as the options were all out of the money.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2016

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

Reclassification, Policy [Policy Text Block]

Reclassifications

Segment Reporting, Policy [Policy Text Block]

Segment Reporting

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]

Accounts Receivable and Allowance for Doubtful Accounts

Inventory, Policy [Policy Text Block]

Inventory

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Property and equipment are presented at cost at the date of acquisition. Depreciation is computed using the straight-line method over estimated useful asset lives, which range from 3 to 7 years.

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Intangible Assets

Patents and licenses are measured initially at purchase cost and are amortized on a straight line basis over their useful lives which range between 18.5 to 20 years.

Guarantees, Indemnifications and Warranties Policies [Policy Text Block]

Warranty Reserve

	Warranty Reserve
January 1, 2015	$	9,000
Warranty reserve expense		6,000
Warranty claims settled and true-up of accrual		(6,000)
December 31, 2015	$	9,000
Warranty reserve acquired in IMT acquisition		167,000
Warranty reserve expense		52,000
Warranty claims settled and true-up of accrual		(46,000)
December 31, 2016	$	182,000

Shipping and Handling Cost, Policy [Policy Text Block]

Shipping and Handling Costs

Shipping and handling charges are invoiced to the customer and the Company nets these revenues against the respective costs within general and administrative expenses

Derivatives, Policy [Policy Text Block]

Convertible Instruments

Accounting for Preferred Stock Warrants [Policy Text Block]

Common Stock Purchase Warrants and Other Derivative Financial Instruments

Treasury Stock Policy [Policy Text Block]

Treasury Stock

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Research and Development Expense, Policy [Policy Text Block]

Research and Development Expenses

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

Income Tax, Policy [Policy Text Block]

Income Taxes

Advertising Costs, Policy [Policy Text Block]

Advertising Costs

Earnings Per Share, Policy [Policy Text Block]

Loss Per Share

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

Level 1:

Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2:

Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.

Level 3:

Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	1,359,000	$	1,359,000
Total	$	—	$	—	$	1,359,000	$	1,359,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,183,000		1,183,000
Total	$	—	$	—	$	1,183,000	$	1,183,000

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2015, consistent with the fair value hierarchy provisions:

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	7,147,000	$	7,147,000
Total	$	—	$	—	$	7,147,000	$	7,147,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,284,000		1,284,000
Total	$	—	$	—	$	1,284,000	$	1,284,000

See Note 12 for additional disclosure regarding the Company’s warrants liabilities accounted for at fair value.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued and Adopted Accounting Standards

XML 51 R26.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Product Warranty Liability [Table Text Block]

Warranty reserve is included in accrued expenses on the accompanying consolidated balance sheet.

	Warranty Reserve
January 1, 2015	$	9,000
Warranty reserve expense		6,000
Warranty claims settled and true-up of accrual		(6,000)
December 31, 2015	$	9,000
Warranty reserve acquired in IMT acquisition		167,000
Warranty reserve expense		52,000
Warranty claims settled and true-up of accrual		(46,000)
December 31, 2016	$	182,000

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	1,359,000	$	1,359,000
Total	$	—	$	—	$	1,359,000	$	1,359,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,183,000		1,183,000
Total	$	—	$	—	$	1,183,000	$	1,183,000

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2015, consistent with the fair value hierarchy provisions:

	Quoted Prices
	in Active Markets for
	Identical		Significant Other		Significant
	Assets/Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets (non-recurring):

Capitalized software development costs	$	—	$	—	$	7,147,000	$	7,147,000
Total	$	—	$	—	$	7,147,000	$	7,147,000

Liabilities:
	$	—	$	—	$	—	$	—
Derivative liability		—		—		1,284,000		1,284,000
Total	$	—	$	—	$	1,284,000	$	1,284,000

XML 52 R27.htm IDEA: XBRL DOCUMENT

ACQUISITION OF IMT (Tables) - Integrated Microwave Technologies [Member]

12 Months Ended

Dec. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase Consideration

Amount of consideration:	$	3,000,000

Tangible assets acquired and liabilities assumed at fair value
Cash	$	477,000
Accounts receivable		676,000
Inventories		3,329,000
Property and equipment		1,470,000
Prepaid expenses		55,000
Accounts payable and deferred revenue		(423,000)
Deferred rent		(167,000)
Accrued expenses		(378,000)
Net tangible assets acquired	$	5,039,000

Identifiable intangible assets
Trade names and technology	$	350,000
Customer relationships		360,000
Total Identifiable Intangible Assets	$	710,000

Total net assets acquired	$	5,749,000
Consideration paid		3,000,000
Gain on bargain purchase	$	2,749,000

Business Acquisition, Pro Forma Information [Table Text Block]

The following presents the unaudited pro-forma combined results of operations of the Company with IMT as if the acquisition occurred on January 1, 2015.

	For the Year Ended
	December 31,
	2016		2015

Revenues, net	$	7,058	$	8,160
Net loss allocable to common shareholders	$	(22,987)	$	(24,634)
Net loss per share	$	(37.32)	$	(391.02)
Weighted average number of shares outstanding		616		63

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INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2016

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories included in the accompanying consolidated balance sheet are stated at the lower of cost or market as summarized below:

	December 31,		December 31,
	2016		2015
Raw materials	$	3,642,000	$	2,113,000
Finished goods		2,328,000		1,803,000
Sub-total inventories		5,970,000		3,916,000
Less reserve for slow moving and excess inventory		(3,248,000)		(1,061,000)
Total inventories, net	$	2,722,000	$	2,855,000

XML 54 R29.htm IDEA: XBRL DOCUMENT

ACCOUNTS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivable consist of the following:

	December 31,		December 31,
	2016		2015
Accounts receivable	$	1,696,000	$	572,000
Accounts receivable – related party (see note 17)		—		156,000
		1,696,000		728,000
Allowance for doubtful accounts		(327,000)		(87,000)
Net accounts receivable	$	1,369,000	$	641,000

XML 55 R30.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property and equipment consists of the following:

	Useful Life
	(years)	December 31,
		2016		2015
Cost:
Furniture and equipment	3 – 7 years	$	4,640,000	$	3,157,000
Accumulated depreciation			(3,869,000)		(2,365,000)
Property and equipment, net		$	771,000	$	792,000

XML 56 R31.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets consist of the following finite assets:

									Trade Names &
	Software Development Costs				Patents & Licenses				Technology				Customer Relationships
			Accumulated				Accumulated				Accumulated				Accumulated
	Costs		Amortization		Costs		Amortization		Costs		Amortization		Costs		Amortization		Net
Balance as of December 31, 2014	$	16,455,000	$	(5,494,000)	$	12,378,000	$	(6,957,000)	$	-	$	-	$	-	$	-	$	16,382,000
Additions		2,192,000		-		-		-		-		-		-		-		2,192,000
Impairments		-		(2,092,000)		-		-		-		-		-		-		(2,092,000)
Amortization		-		(3,914,000)		-		(665,000)		-		-		-		-		(4,579,000)
Balance as of December 31, 2015	$	18,647,000	$	(11,500,000)	$	12,378,000	$	(7,622,000)	$	-	$	-	$	-	$	-	$	11,903,000
Additions		-		-		-		-		350,000		-		360,000		-		710,000
Impairments		-		(2,462,000)		-		(221,000)		-				-				(2,683,000)
Amortization		-		(3,326,000)		-		(664,000)		-		(35,000)		-		(33,000)		(4,058,000)
Balance as of December 31, 2016	$	18,647,000	$	(17,288,000)	$	12,378,000	$	(8,507,000)	$	350,000	$	(35,000)	$	360,000	$	(33,000)	$	5,872,000

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

Estimated amortization expense for total intangible assets for the succeeding five years is as follows:

2017	$	1,661,000
2018		1,273,000
2019		738,000
2020		738,000
2021		738,000
Thereafter		724,000
	$	5,872,000

XML 57 R32.htm IDEA: XBRL DOCUMENT

OBLIGATIONS UNDER CAPITAL LEASE (Tables)

12 Months Ended

Dec. 31, 2016

Leases, Capital [Abstract]

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The future minimum payments for capital leases as of December 31, 2016 are as follows:

For the year ending December 31:

2017		66,000
2018		24,000
2019		16,000
2020		14,000
Total minimum lease payments		120,000
Less amount representing interest		(13,000)
Present value of the net minimum lease payments		107,000
Less obligations under capital lease maturing within one year		58,000
Long-term portion of obligations under capital lease	$	49,000

XML 58 R33.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes consists of the following:

	December 31,
	2016		2015
Current tax provision (benefit)
Federal	$	—	$	—
State		—		—
		—		—
Deferred tax provision (benefit)
Federal		(7,632,000)		(6,923,000)
State		106,000		(741,000)
Change in valuation allowance		7,526,000		7,664,000
Income tax provision (benefit)	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the statutory tax rate to the effective tax rate is as follows:

	December 31,
	2016			2015
Statutory Federal income tax rate		34.0	%		34.0	%
State and local taxes net of Federal benefit		0.53			4.15
Permanent differences		4.66			4.77
Provision to return		1.47			—
IMT opening balance		(4.65)			—
Valuation allowance		(36.01)			(42.92)
Effective tax rate		—	%		—	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets are as follows:

	December 31,
	2016		2015
Deferred Tax Assets
Federal R&D credit	$	2,586,000	$	2,285,000
Inventory		2,161,000		399,000
Allowance for bad debt		109,000		33,000
Compensation Related		77,000		68,000
Other Accruals		23,000		9,000
State NOL		5,230,000		5,094,000
Federal NOL		51,175,000		47,831,000
Property & Equipment		92,000		157,000
Stock Options		7,069,000		7,371,000
Valuation Allowance		(66,548,000)		(59,023,000)
Total Deferred Tax Assets		1,974,000		4,224,000

Deferred Tax Liabilities
Intangibles		(1,974,000)		(4,224,000)
Total Deferred Tax Liabilities		(1,974,000)		(4,224,000)

Net Deferred Tax Asset/(Liability)	$	-	$	-

XML 59 R34.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

DERIVATIVE LIABILITY [Line Items]

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

The following are the key assumptions that were used in connection with the valuation of the warrants exercisable into common stock as of December 31, 2016 and 2015:

	Years Ended
	December 31,
	2016			2015
Number of shares underlying the warrants		977,751			154,543
Fair market value of stock	$	1.35		$	27.60
Exercise price	$	2.00 to 2,400		$	90 to $2,400
Volatility		173% to 201	%		116% to 140	%
Risk-free interest rate		1.20% to 1.93	%		0.48% to 1.2	%
Expected dividend yield		—			—
Warrant life (years)		1.8 to 4.55			2.8 to 4.88

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

The following table sets forth a summary of the changes in the fair value of our Level 3 financial liabilities that are measured at fair value on a recurring basis:

	Years Ended
	December 31,
	2016		2015
Beginning balance	$	1,284,000	$	270,000
Recognition of conversion feature liability		—		769,000
Recognition of warrant liability on issuance dates		4,823,000		7,268,000
Reclassification to stockholders’ equity upon exercise		(2,379,000)		(4,464,000)
Change in fair value of derivative liabilities		(2,545,000)		(2,559,000)
Ending balance	$	1,183,000	$	1,284,000

XML 60 R35.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Class of Warrant or Right [Line Items]

Schedule of Share-based Compensation, Activity [Table Text Block]

A summary of the warrant activity is as follows:

	Number of		Weighted
	Options/Warrants		Average
	(in Shares)		Exercise Price
Warrants Outstanding, January 1, 2016		75,163	$	505.20
Granted		7,602,945		2.92
Exercised		(64,466)		96.04
Forfeited or Expired		(7,738)		1,959.00
Warrants Outstanding, December 31, 2016		7,611,904		5.98
Exercisable, December 31, 2016		7,441,071	$	6.04

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Each option is estimated on the date of grant, using the Black-Scholes model and the following assumptions (all in weighted averages), however no options were granted during the year ended December 31, 2016:

	2015
Exercise price	$	306
Volatility		116	%
Risk-free interest rate		1.54	%
Expected dividend yield		0	%
Expected term (years)		6

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Summary information regarding the warrants as of December 31, 2016 is as follows:

			Weighted Average
			Remaining
	Number Outstanding (in		Contractual Life
Exercise Price	shares)		(in years)
$2.00		6,250,000		4.99
$2.00*		1,049,376		4.55
$2.50		150,000		2.97
$8.40		20,833		4.82
$13.79		116,666		4.38
$90.00		20,417		1.84
$420.00		59		1.25
$1,380.00		1,209		3.10
$2,400.00		353		3.15
$2,625.00		143		1.88
$8,244.00		2,723		1.66
$10,500.00		118		1.04
$42,000.00		7		0.20
Outstanding, December 31, 2016		7,611,904

*Represents group of warrants repriced from $6.85 to $2.00

Equity Incentive Plans One [Member]

Class of Warrant or Right [Line Items]

Schedule of Share-based Compensation, Activity [Table Text Block]

A summary of the Company’s historical stock option plan activity as of December 31, 2016 is as follows:

					Shares		Shares		Options
Plan Name	Options Authorized		Options Granted		Exercised		Forfeited/Expired		Outstanding
2004		119		119		(56)		(63)		—
2005		119		119		(8)		(111)		—
2006		262		258		(5)		(250)		3
2007		24		22		—		(4)		18
2009		238		299		(8)		(122)		169
2013		756		411		—		(175)		236
2015		1,971		1,971		—		(553)		1,418
Total		3,489		3,199		(77)		(1,278)		1,844

Equity Incentive Plans Two [Member]

Class of Warrant or Right [Line Items]

Schedule of Share-based Compensation, Activity [Table Text Block]

A summary of the status of the Company’s stock option plans for the years ended December 31, 2016 and 2015 is as follows:

			Weighted
	Number of Options		Average
	(in Shares)		Exercise Price
Options Outstanding, January 1, 2016		2,528	$	9,588
Granted		—		—
Exercised		—		—
Forfeited or Expired		(684)		2,596
Options outstanding, December 31, 2016		1,844		1,544
Exercisable, December 31, 2016		1,129	$	2,339

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Summary information regarding the options outstanding and exercisable at December 31, 2016 is as follows:

	Outstanding						Exercisable
			Weighted Average
	Number		Remaining		Weighted		Number		Weighted
	Outstanding (in		Contractual Life		Average		Exercisable (in		Average
Range of Exercise Prices	shares)		(in years)		Exercise Price		shares)		Exercise Price
$0 – 4,622		1,686		8.24	$	509		971	$	647
4,622 – 9,244		16		3.48		8,190		16		8,190
9,244 – 13,866		85		4.23		9,794		85		9,794
13,866 – 18,488		18		5.69		15,697		18		15,697
18,488 – 23,110		39		5.61		19,099		39		19,099
		1,844						1,129

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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Total obligation of minimum future annual rentals, exclusive of real estate taxes and related costs, are approximately as follows:

Year Ending December 31,
2017	$	259,000
2018		174,000
2019		156,000
2020		31,000
	$	620,000

XML 62 R37.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS (Tables) - Vislink International Limited [Member]

12 Months Ended

Dec. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase Consideration

Amount of consideration:	$	16,000,000

Tangible assets acquired and liabilities assumed at preliminary fair value
Accounts receivable	$	10,231,000
Inventories		12,459,000
Property and equipment		1,284,000
Prepaid expenses		76,000
Intangible assets		5,944,000
Accounts payable and deferred revenue		(1,599,000)
Accrued expenses		(929,000)
Net tangible assets acquired	$	27,466,000

Total net assets acquired	$	27,466,000
Consideration paid		16,000,000
Preliminary gain on bargain purchase	$	11,466,000

Business Acquisition, Pro Forma Information [Table Text Block]

The following presents the unaudited pro-forma combined results of operations of the Company with Vislink and IMT as if the acquisition occurred on January 1, 2015.

	For the Year Ended
	December 31,
	2016		2015

Revenues, net	$	52,191	$	78,421
Net loss allocable to common shareholders	$	(81,597)	$	(23,883)
Net loss per share	$	(132.46)	$	(379.09)
Weighted average number of shares outstanding		616		63

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NATURE OF OPERATIONS (Details Textual)			1 Months Ended
NATURE OF OPERATIONS (Details Textual)	Dec. 15, 2016	Jun. 20, 2016	Jun. 20, 2016	Jul. 17, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stockholders' Equity, Reverse Stock Split	1-for-10	1-for-12	1-for-12	1-for-10

XML 64 R39.htm IDEA: XBRL DOCUMENT

GOING CONCERN (Details Textual) - USD ($) $ in Thousands	12 Months Ended
GOING CONCERN (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Going Concern Disclosure [Line Items]
Retained Earnings (Accumulated Deficit)	$ (209,299)	$ (188,397)
Net Income (Loss) Attributable to Parent, Total	$ (20,902)	$ (17,857)

XML 65 R40.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Product Warranty Liability [Line Items]
Warranty reserve expense	$ 52,000
Warranty reserve acquired in IMT acquisition	167,000
Warranty Reserves [Member]
Product Warranty Liability [Line Items]
Begining, Balance	9,000	$ 9,000
Warranty reserve expense	52,000	6,000
Warranty claims settled and true-up of accrual	(46,000)	(6,000)
Warranty reserve acquired in IMT acquisition	167,000
Ending, Balance	$ 182,000	$ 9,000

XML 66 R41.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets (non-recurring):
Assets - Carrying Amount	$ 1,359,000	$ 7,147,000
Liabilities:
Liabilities - Carrying Amount	1,183,000	1,284,000
Derivative Financial Instruments, Liabilities [Member]
Liabilities:
Liabilities - Carrying Amount	1,183,000	1,284,000
Capitalized software development costs [Member]
Assets (non-recurring):
Assets - Carrying Amount	1,359,000	7,147,000
Fair Value, Inputs, Level 1 [Member]
Assets (non-recurring):
Assets - Carrying Amount	0	0
Liabilities:
Liabilities - Carrying Amount	0	0
Fair Value, Inputs, Level 1 [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities:
Liabilities - Carrying Amount	0	0
Fair Value, Inputs, Level 1 [Member] \| Capitalized software development costs [Member]
Assets (non-recurring):
Assets - Carrying Amount	0	0
Fair Value, Inputs, Level 2 [Member]
Assets (non-recurring):
Assets - Carrying Amount	0	0
Liabilities:
Liabilities - Carrying Amount	0	0
Fair Value, Inputs, Level 2 [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities:
Liabilities - Carrying Amount	0	0
Fair Value, Inputs, Level 2 [Member] \| Capitalized software development costs [Member]
Assets (non-recurring):
Assets - Carrying Amount	0	0
Fair Value, Inputs, Level 3 [Member]
Assets (non-recurring):
Assets - Carrying Amount	1,359,000	7,147,000
Liabilities:
Liabilities - Carrying Amount	1,183,000	1,284,000
Fair Value, Inputs, Level 3 [Member] \| Derivative Financial Instruments, Liabilities [Member]
Liabilities:
Liabilities - Carrying Amount	1,183,000	1,284,000
Fair Value, Inputs, Level 3 [Member] \| Capitalized software development costs [Member]
Assets (non-recurring):
Assets - Carrying Amount	$ 1,359,000	$ 7,147,000

XML 67 R42.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Intangible Assets, Finite-lived	$ 2,700,000	$ 2,100,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7.6	0.1
Advertising Expense	$ 188,000	$ 48,000
Cash, Uninsured Amount	250,000
Standard and Extended Product Warranty Accrual, Additions from Business Acquisition	167,000
Standard and Extended Product Warranty Accrual, Increase for Warranties Issued	52,000
Computer Software, Intangible Asset [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Intangible Assets, Finite-lived	2,700,000	2,100,000
Warranty Reserves [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Standard and Extended Product Warranty Accrual	182,000	9,000	$ 9,000
Standard and Extended Product Warranty Accrual, Additions from Business Acquisition	167,000
Standard and Extended Product Warranty Accrual, Increase for Warranties Issued	$ 52,000	$ 6,000
Minimum [Member] \| Trade Names [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Minimum [Member] \| Customer Relationships [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Minimum [Member] \| Property, Plant and Equipment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] \| Trade Names [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] \| Customer Relationships [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] \| Property, Plant and Equipment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Patents And Licenses [Member] \| Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	18 years 6 months
Patents And Licenses [Member] \| Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

XML 68 R43.htm IDEA: XBRL DOCUMENT

ACQUISITION OF IMT (Details) - USD ($) $ in Thousands	12 Months Ended
ACQUISITION OF IMT (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Purchase Consideration
Amount of consideration:	$ 3,000	$ 0
Tangible assets acquired and liabilities assumed at fair value
Cash	477	0
Accounts receivable	676	0
Inventories	3,329	0
Property and equipment	1,470	0
Accounts payable and deferred revenue	(423)	0
Deferred rent	(167)	0
Accrued expenses	(378)	0
Net tangible assets acquired	5,039	0
Identifiable intangible assets
Total Identifiable Intangible Assets	710	0
Total net assets acquired	5,749
Gain on bargain purchase	2,749	0
Consideration paid	3,000	0
Integrated Microwave Technologies [Member]
Purchase Consideration
Amount of consideration:	3,000
Tangible assets acquired and liabilities assumed at fair value
Cash	477
Accounts receivable	676
Inventories	3,329
Property and equipment	1,470
Prepaid expenses	55
Accounts payable and deferred revenue	(423)
Deferred rent	(167)
Accrued expenses	(378)
Net tangible assets acquired	5,039
Identifiable intangible assets
Total Identifiable Intangible Assets	710
Total net assets acquired	5,749
Gain on bargain purchase	2,749
Consideration paid	3,000
Trademarks and Trade Names [Member]
Identifiable intangible assets
Total Identifiable Intangible Assets	350
Customer Relationships [Member]
Identifiable intangible assets
Total Identifiable Intangible Assets	$ 360	$ 0

XML 69 R44.htm IDEA: XBRL DOCUMENT

ACQUISITION OF IMT (Details 1) - Integrated Microwave Technologies [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition Pro Forma Information [Line Items]
Revenues, net	$ 7,058	$ 8,160
Net loss allocable to common shareholders	$ (22,987)	$ (24,634)
Net loss per share	$ (37.32)	$ (391.02)
Weighted average number of shares outstanding	616	63

XML 70 R45.htm IDEA: XBRL DOCUMENT

ACQUISITION OF IMT (Details Textual) - USD ($)		1 Months Ended	12 Months Ended
ACQUISITION OF IMT (Details Textual) - USD ($)	Feb. 02, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jan. 13, 2017
Business Acquisition [Line Items]
Preferred Stock, Shares Issued			0	0
Conversion of Stock, Shares Converted			977,751	154,543
Series D Preferred Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Issued			5,750,000
Subsequent Event [Member] \| Series D Preferred Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Issued		895,826
Preferred Stock, Shares Issued		10,750,000
Conversion of Stock, Shares Converted		10,750,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 2,249,000
Business Combination, Contingent Consideration, Liability		$ 702,000
Asset Purchase Modification Agreement [Member]
Business Acquisition [Line Items]
Business Combination Asset Purchase Modification Agreement Consideration Payable Terms			Asset Purchase Modification Agreement, which terminated the Payment Notes, cancelling all principal and interest due, or to become due thereunder andinstead obligated the Company to; (i) at the time of execution of the Asset Purchase Modification Agreement, pay to IMT $500,000 plus any interest accumulated on the Payment Notes prior to their being cancelled; and (ii) prior to December 31, 2016, deliver to IMT Series D Shares having an aggregate value of cash proceeds, upon conversion of such Series D Shares into the shares of common stock underlying such Series D Shares, of not less than $2,500,000, plus interest accrued thereon at 9% per annum, with such Series D Shares to be issued in tranches of $250,000 (the Tranches).
Asset Purchase Modification Agreement [Member] \| Subsequent Event [Member] \| Series D Preferred Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Issued		416,667
Preferred Stock, Shares Issued		5,000,000
Conversion of Stock, Shares Converted		5,000,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 648,000
Business Combination, Contingent Consideration, Liability		$ 702,000
Integrated Microwave Technologies [Member] \| Subsequent Event [Member]
Business Acquisition [Line Items]
Business Combination Asset Purchase Modification Agreement Consideration Payable Terms	On February 2, 2017, the Company and the New Holders agreed that any sales of common stock underlying the Series D Shares would not, in the aggregate, exceed 2.75% of that days dollar volume of the Companys common stock traded, provided that the New Holders shall be entitled to sell no less than an aggregate of $27,500 each trading day.
Notes Payable					$ 1,350,095
Integrated Microwave Technologies [Member] \| Asset Purchase Modification Agreement [Member]
Business Acquisition [Line Items]
Business Combination Asset Purchase Modification Agreement Consideration Payable Terms			If IMT does not realize cash proceeds of at least $2,500,000 by December 31, 2016, the Company will be required to either issue additional shares of the Companys common stock to IMT, or otherwise raise additional funds to cover the shortfall. Cash proceeds is determined through the cash or cash equivalent, received by IMT upon sale of shares of common stock issued to IMT upon IMTs conversion of any Series D Shares delivered by the Company to IMT under the Asset Purchase Modification Agreement, net of any transaction costs or expenses, evidence of which shall be provided to the Company at the time of sale of such Series D Shares. Every time a new Tranche is issued, IMT shall be obligated to provide evidence of its currents cash proceeds and the remaining amount of the $2,500,000 (plus interest) remaining due.
Repayments of Debt			$ 500,000
Conversion of Stock, Shares Issued			479,159
Increase (Decrease) in Notes Payable, Current			$ 1,602,000
Notes Payable			898,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			1,602,000
Business Combination, Contingent Consideration, Liability			$ 898,000
Integrated Microwave Technologies [Member] \| Asset Purchase Modification Agreement [Member] \| Series D Preferred Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Issued			5,750,000

XML 71 R46.htm IDEA: XBRL DOCUMENT

INVENTORIES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw materials	$ 3,642,000	$ 2,113,000
Finished goods	2,328,000	1,803,000
Sub-total inventories	5,970,000	3,916,000
Less reserve for slow moving and excess inventory	(3,248,000)	(1,061,000)
Total inventories, net	$ 2,722,000	$ 2,855,000

XML 72 R47.htm IDEA: XBRL DOCUMENT

INVENTORIES (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Inventory Valuation Reserves	$ 3,248,000	$ 1,061,000

XML 73 R48.htm IDEA: XBRL DOCUMENT

ACCOUNTS RECEIVABLE (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,696,000	$ 572,000
Accounts receivable - related party (see note 17)	0	156,000
Accounts Receivable, Gross	1,696,000	728,000
Allowance for doubtful accounts	(327,000)	(87,000)
Net accounts receivable	$ 1,369,000	$ 641,000

XML 74 R49.htm IDEA: XBRL DOCUMENT

ACCOUNTS RECEIVABLE (Details Textual) - USD ($)	12 Months Ended
ACCOUNTS RECEIVABLE (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Doubtful Accounts	$ 631,000	$ 78,000
Increase (Decrease) in Accounts Receivable	(683,000)	(336,000)
Accounts Receivable, Gross, Current	1,696,000	572,000
Accounts Receivable, Related Parties, Current	$ 0	$ 156,000

XML 75 R50.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Cost:
Furniture and equipment	$ 4,640,000	$ 3,157,000
Accumulated depreciation	(3,869,000)	(2,365,000)
Property and equipment, net	$ 771,000	$ 792,000
Furniture and Fixtures [Member] \| Maximum [Member]
Cost:
Useful Life	7 years
Furniture and Fixtures [Member] \| Minimum [Member]
Cost:
Useful Life	3 years

XML 76 R51.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation	$ 1,503,000	$ 251,000

XML 77 R52.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
INTANGIBLE ASSETS (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	$ 11,903,000	$ 16,382,000
Additions	710,000	2,192,000
Impairments	(2,683,000)	(2,092,000)
Amortization	(4,058,000)	(4,579,000)
Balance Ending	5,872,000	11,903,000
Patents And Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning, Cost	12,378,000	12,378,000
Balance Beginning, A.A.	(7,622,000)	(6,957,000)
Additions	0	0
Impairments	(221,000)	0
Amortization	(664,000)	(665,000)
Balance Ending, Cost	12,378,000	12,378,000
Balance Ending, A.A.	(8,507,000)	(7,622,000)
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning, Cost	0	0
Balance Beginning, A.A.	0	0
Additions	350,000	0
Impairments	0	0
Amortization	(35,000)	0
Balance Ending, Cost	350,000	0
Balance Ending, A.A.	(35,000)	0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning, Cost	0	0
Balance Beginning, A.A.	0	0
Additions	360,000	0
Impairments	0	0
Amortization	(33,000)	0
Balance Ending, Cost	360,000	0
Balance Ending, A.A.	(33,000)	0
Software Development [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning, Cost	18,647,000	16,455,000
Balance Beginning, A.A.	(11,500,000)	(5,494,000)
Additions	0	2,192,000
Impairments	(2,462,000)	(2,092,000)
Amortization	(3,326,000)	(3,914,000)
Balance Ending, Cost	18,647,000	18,647,000
Balance Ending, A.A.	$ (17,288,000)	$ (11,500,000)

XML 78 R53.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS (Details 1)	Dec. 31, 2016 USD ($)
Finite-Lived Intangible Assets [Line Items]
2017	$ 1,661,000
2018	1,273,000
2019	738,000
2020	738,000
2021	738,000
Thereafter	724,000
Finite-Lived Intangible Assets, Net, Total	$ 5,872,000

XML 79 R54.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS (Details Textual) - USD ($)	12 Months Ended
INTANGIBLE ASSETS (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 4,058,000	$ 4,579,000
Impairment of Intangible Assets, Finite-lived	$ 2,700,000	2,100,000
Finite-Lived Intangible Assets, Remaining Amortization Period	4 years 4 months 2 days
Minimum [Member] \| Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Maximum [Member] \| Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Patents And Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 12,300,000
Intangible Assets, Gross (Excluding Goodwill), Total	12,378,000	12,378,000	$ 12,378,000
Amortization of Intangible Assets	664,000	665,000
Amortization Of Intangible Assets Accumulated Amortization	100,000
Impairment of Intangible Assets, Finite-lived	$ 200,000
Patents And Licenses [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	18 years 6 months
Patents And Licenses [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Finite-lived	$ 2,700,000	2,100,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill), Total	360,000	0	0
Amortization of Intangible Assets	$ 33,000	0
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Software Development [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Intangible Assets, Gross (Excluding Goodwill), Total	$ 18,647,000	18,647,000	$ 16,455,000
Amortization of Intangible Assets	$ 3,326,000	$ 3,914,000

XML 80 R55.htm IDEA: XBRL DOCUMENT

OBLIGATIONS UNDER CAPITAL LEASE (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Capital Lease Obligation [Line Items]
2017	$ 66,000
2018	24,000
2019	16,000
2020	14,000
Total minimum lease payments	120,000
Less amount representing interest	(13,000)
Present value of the net minimum lease payments	107,000
Less obligations under capital lease maturing within one year	58,000
Long-term portion of obligations under capital lease	$ 49,000	$ 106,000

XML 81 R56.htm IDEA: XBRL DOCUMENT

OBLIGATIONS UNDER CAPITAL LEASE (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Equipment [Member]
Capital Lease Obligation [Line Items]
Capital Leased Assets, Gross	$ 120,000	$ 186,000
Capital Leases, Income Statement, Amortization Expense	$ 32,000	$ 19,000
Minimum [Member]
Capital Lease Obligation [Line Items]
Interest Rate on Capital Leases	7.60%
Maximum [Member]
Capital Lease Obligation [Line Items]
Interest Rate on Capital Leases	7.90%

XML 82 R57.htm IDEA: XBRL DOCUMENT

CONVERTIBLE NOTES PAYABLE (Details Textual) - USD ($)					1 Months Ended						12 Months Ended
CONVERTIBLE NOTES PAYABLE (Details Textual) - USD ($)	Apr. 15, 2016	Oct. 14, 2015	Jul. 14, 2015	Jun. 11, 2015	Jul. 20, 2016	Jul. 19, 2016	Feb. 29, 2016	Jan. 29, 2016	Aug. 19, 2015	Apr. 16, 2015	Dec. 31, 2016	Dec. 31, 2015	Oct. 06, 2011
Debt Instrument [Line Items]
Debt Instrument, Face Amount											$ 2,000,000
Proceeds from Notes Payable											1,000,000	$ 1,470,000
Interest Payable, Current											269,000	137,000
Repayments of Notes Payable									$ 702,000		1,221,000	702,000
Debt Instrument, Periodic Payment, Interest									9,700
Proceeds from Issuance of Debt									$ 234,000
Stock Issued During Period, Value, New Issues				$ 500,000			$ 3,557,000
Amortization of Debt Discount (Premium)											50,000	326,000
Interest Expense [Member]
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)											$ 50,000
April 5 Convertible Notes [Member]
Debt Instrument [Line Items]
Debt Conversion, Converted Instrument, Shares Issued (in shares)											45,834
Debt Conversion, Original Debt, Amount											$ 360,000
Proceeds from Convertible Debt	$ 500,000
First and Second Tranche [Member]
Debt Instrument [Line Items]
Proceeds from Notes Payable												1,470,000
Debt Instrument, Unamortized Discount												$ 163,333
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt Conversion, Converted Instrument, Shares Issued (in shares)												6,320
Debt Conversion, Original Debt, Amount												$ 150,000
Interest Payable, Current												39,000
Debt Instrument, Periodic Payment, Interest							48,113
Debt Instrument, Convertible, Conversion Price				$ 600
Debt Instrument, Convertible, Stock Price Trigger				$ 600
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger				85.00%
Debt Instrument, Convertible, Threshold Trading Days				20
Interest Expense, Debt, Total												$ 48,000
Line of Credit Facility, Commitment Fee Percentage												5.00%
Line of Credit Facility, Commitment Fee Amount												$ 163,500
Debt Instrument, Periodic Payment, Principal							$ 1,030,611
Convertible Notes Payable [Member] \| Securities Purchase Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%							5.00%
Debt Instrument, Face Amount	$ 550,000							$ 500,000
Proceeds from Issuance of Debt								$ 178,000
Convertible Notes Payable [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				24.00%
Convertible Notes Payable [Member] \| Underwritten Public Offerings [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				135.00%
Debt Instrument, Convertible, Threshold Trading Days				60
Debt Instrument, Redemption Price, Percentage				125.00%
Common Stock, Capital Shares Reserved for Future Issuance				7,000,000
Convertible Notes Payable [Member] \| Public Offering [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed				135.00%
Debt Instrument, Redemption Price, Percentage				125.00%
Convertible Notes Payable [Member] \| April 5 Convertible Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Interest					$ 20,625
Debt Instrument Prepayment Penalty					63,270
Debt Instrument, Periodic Payment, Principal					$ 190,276
Convertible Notes Payable [Member] \| First Tranche [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				Dec. 11, 2015
Debt Instrument, Interest Rate, Stated Percentage				8.00%
Debt Instrument, Face Amount				$ 1,166,666
Long-term Debt, Gross				$ 1,050,000
Proceeds from Issuance of Debt			$ 466,667
Debt Instrument, Maturity Date Range, End				Mar. 11, 2016
Convertible Notes Payable [Member] \| Second Tranche [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date			Jan. 14, 2016
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Long-term Debt, Gross			$ 420,000
Proceeds from Convertible Debt			$ 400,000
Debt Instrument, Maturity Date Range, End			Apr. 14, 2016
Treco International, S.A [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage													9.00%
Accrued Interest And Fees											132,329	42,329
Long-term Debt, Gross													$ 2,000,000
Debt Instrument, Convertible, Conversion Price													$ 42,000
Treco International, S.A [Member] \| Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt Conversion, Converted Instrument, Shares Issued (in shares)		1,416				9,653				255
Long-term Debt, Gross											2,000,000
Paid-in-Kind Interest		$ 90,000				$ 90,000				$ 90,000
Interest Expense, Debt, Total											$ 180,000	$ 180,000

XML 83 R58.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details) - USD ($)	12 Months Ended
INCOME TAXES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current tax provision (benefit)
Federal	$ 0	$ 0
State	0	0
Current Income Tax Expense (Benefit), Total	0	0
Deferred tax provision (benefit)
Federal	(7,632,000)	(6,923,000)
State	106,000	(741,000)
Change in valuation allowance	7,526,000	7,664,000
Income tax provision (benefit)	$ 0	$ 0

XML 84 R59.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details 1)	12 Months Ended
INCOME TAXES (Details 1)	Dec. 31, 2016	Dec. 31, 2015
Operating Loss Carryforwards [Line Items]
Statutory Federal income tax rate	34.00%	34.00%
State and local taxes net of Federal benefit	0.53%	4.15%
Permanent differences	4.66%	4.77%
Provision to return	1.47%	0.00%
IMT opening balance	(4.65%)	0.00%
Valuation allowance	(36.01%)	(42.92%)
Effective tax rate	0.00%	0.00%

XML 85 R60.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets
Federal R&D credit	$ 2,586,000	$ 2,285,000
Inventory	2,161,000	399,000
Allowance for bad debt	109,000	33,000
Compensation Related	77,000	68,000
Other Accruals	23,000	9,000
State NOL	5,230,000	5,094,000
Federal NOL	51,175,000	47,831,000
Property & Equipment	92,000	157,000
Stock Options	7,069,000	7,371,000
Valuation Allowance	(66,548,000)	(59,023,000)
Total Deferred Tax Assets	1,974,000	4,224,000
Deferred Tax Liabilities
Intangibles	(1,974,000)	(4,224,000)
Total Deferred Tax Liabilities	(1,974,000)	(4,224,000)
Net Deferred Tax Asset/(Liability)	$ 0	$ 0

XML 86 R61.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details Textual) $ in Millions	Dec. 31, 2016 USD ($)
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 150.5
Deferred Tax Assets, Tax Credit Carryforwards, Research	$ 2.6

XML 87 R62.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITIES (Details) - $ / shares	12 Months Ended
DERIVATIVE LIABILITIES (Details) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Number of shares underlying the warrants	977,751	154,543
Fair market value of stock	$ 1.35	$ 27.60
Volatility		116.00%
Risk-free interest rate		1.54%
Expected dividend yield	0.00%	0.00%
Warrant life (years)		6 years
Maximum [Member]
Exercise price	$ 2,400	$ 2,400
Volatility	201.00%	140.00%
Risk-free interest rate	1.93%	1.20%
Warrant life (years)	4 years 6 months 18 days	4 years 10 months 17 days
Minimum [Member]
Exercise price	$ 2.00	$ 90
Volatility	173.00%	116.00%
Risk-free interest rate	1.20%	0.48%
Warrant life (years)	1 year 9 months 18 days	2 years 9 months 18 days

XML 88 R63.htm IDEA: XBRL DOCUMENT

DERIVATIVE LIABILITIES (Details 1) - USD ($)	12 Months Ended
DERIVATIVE LIABILITIES (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Beginning balance	$ 1,284,000	$ 270,000
Recognition of conversion feature liability	0	769,000
Recognition of warrant liability on issuance dates	4,823,000	7,268,000
Reclassification to stockholders’ equity upon exercise	2,379,000	4,464,000
Change in fair value of derivative liabilities	(2,545,000)	(2,559,000)
Ending balance	$ 1,183,000	$ 1,284,000

XML 89 R64.htm IDEA: XBRL DOCUMENT

PREFERRED STOCK (Details Textual) - USD ($)				1 Months Ended					3 Months Ended	10 Months Ended	12 Months Ended
PREFERRED STOCK (Details Textual) - USD ($)	Jun. 11, 2015	Feb. 11, 2015	Jan. 08, 2015	Feb. 29, 2016	Aug. 19, 2015	Feb. 24, 2015	Feb. 23, 2015	Dec. 30, 2014	Jun. 30, 2015	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 27, 2016	Dec. 21, 2016	Apr. 25, 2016	Feb. 05, 2016	Feb. 13, 2015	Mar. 31, 2013
Class of Stock [Line Items]
Preferred Stock, Value, Issued										$ 0	$ 0	$ 0
Preferred Stock, Par or Stated Value Per Share										$ 0.00001	$ 0.00001	$ 0.00001						$ 0.00001
Stock Issued During Period, Shares, New Issues				29,639
Convertible Preferred Stock, Terms of Conversion											Each share of the Series E Preferred is convertible into shares of our common stock (subject to adjustment as provided in the related certificate of designation of preferences, rights and limitations) at any time at the option of the holder at a conversion price of not less than 100% of the public offering price of the common stock. Holders of Series E Preferred will be prohibited from converting Series E Preferred into shares of our common stock if, as a result of such conversion, the holder, together with its affiliates, would own more than 4.99% of the total number of shares of our common stock then issued and outstanding. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days after such notice to us.
Percentage Of Outstanding Shares Of Voting Stock											50.00%
Preferred Stock, Shares Authorized										10,000,000	10,000,000	10,000,000						10,000,000
Conversion of Stock, Shares Converted											977,751	154,543
Due to Related Parties, Current										$ 96,000	$ 96,000	$ 324,000
Repayments of Related Party Debt											300,000	500,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers, Net, Total									$ 54,000
Stock Issued During Period, Value, Conversion of Convertible Securities											610,000	150,000
Stock Issued During Period, Value, New Issues	$ 500,000			$ 3,557,000
Payments of Stock Issuance Costs				$ 604,000
Preferred Stock Redemption Discount									$ 125,000
Conversion Of Stock Series B Preferred Stock Transactions										4,530,000	4,530,000	474,000
Sale of Stock, Price Per Share				$ 120.00
Debt Instrument, Periodic Payment, Interest					$ 9,700
Other Expenses, Total											1,727,000	$ 26,000
Interest Expense											$ 14,000
Integrated Microwave Technologies [Member] \| Asset Purchase Modification Agreement [Member]
Class of Stock [Line Items]
Conversion of Stock, Shares Issued											479,159
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability											$ 1,602,000
Business Combination, Contingent Consideration, Liability										898,000	898,000
5% and 8% Convertible Notes Payable [Member]
Class of Stock [Line Items]
Debt Conversion, Converted Instrument, Shares Issued												6,320
Debt Instrument, Periodic Payment, Principal				$ 1,030,611
Debt Instrument, Periodic Payment, Interest				48,113
Payments of Debt Extinguishment Costs				377,935
Aggregate Loan of Family of George Schmitt [Member]
Class of Stock [Line Items]
Debt Conversion, Converted Instrument, Warrants or Options Issued							353
February 2016 Financing [Member]
Class of Stock [Line Items]
Conversion of Stock, Amount Converted										$ 2,772,000
Board of Directors Chairman [Member] \| Short-term Debt [Member]
Class of Stock [Line Items]
Due to Related Parties, Current			$ 245,000				$ 845,000	$ 245,000									$ 700,000
Board of Directors [Member] \| Short-term Debt [Member]
Class of Stock [Line Items]
Repayments of Related Party Debt			$ 100,000				$ 145,000
Warrant [Member]
Class of Stock [Line Items]
Derivative Liability				$ 231,000
Common Stock [Member]
Class of Stock [Line Items]
Conversion of Stock, Shares Issued										326,294
Issuance Of Stock Shares Issued Under Series C Financing Arrangement												99
Stock Issued During Period, Value, Conversion of Convertible Securities											0	$ 0
Conversion Of Stock Series B Preferred Stock Transactions											$ 0	$ 0
Common Stock [Member] \| 31 Group, LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		21
Stock Issued During Period, Value, New Issues		$ 10,000
Payments of Stock Issuance Costs		$ 89,000
Common Stock [Member] \| Short-term Debt [Member]
Class of Stock [Line Items]
Debt Conversion, Converted Instrument, Shares Issued							45
Series A convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Dividend Rate, Percentage											7.00%
Preferred Stock, Redemption Terms											(i) 125% of the conversion amount to be redeemed and (ii) the product of (a) the conversion amount divided by 85% of the average of the five (5) lowest volume weighted average prices of the common stock during the twenty (20) consecutive trading day period ending the trading day immediately preceding the delivery of the applicable conversion notice multiplied by (b) 125% of the greatest closing sale price of the common stock on any trading day during the period commencing on the date immediately preceding such triggering event and ending on the date the Company makes the entire redemption payment to the holder of Series A Preferred Stock.
Purchase Price Which Equal To Value Of Conversion Amount, Percentage											105.00%	105.00%
Convertible Preferred Stock, Terms of Conversion											(i) $2,400 or (ii) 85% of the average of the five (5) lowest volume weighted average prices of the Common Stock during the twenty (20) consecutive trading day period ending the trading day immediately preceding the delivery of the applicable conversion notice (as adjusted for stock splits, share combinations and similar transactions).
Preferred Stock, Shares Authorized								3,000,000
Conversion of Stock, Shares Issued												1,994
Convertible Preferred Stock, Shares Issued upon Conversion												750,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan												52,500
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Upper Range Limit	$ 2,400
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Lower Range Limit	1,380
Dividends And Deemed Dividend												$ 483,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers, Net, Total												150,000
Stock Issued During Period, Value, Conversion of Convertible Securities												1,011,000
Series A convertible Preferred Stock [Member] \| 31 Group, LLC [Member]
Class of Stock [Line Items]
Preferred Stock, Value, Issued								$ 750,000
Preferred Stock, Par or Stated Value Per Share								$ 0.00001
Preferred Stock, Shares Authorized								750,000
Series A convertible Preferred Stock [Member] \| Warrant [Member] \| 31 Group, LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues								313
Stock Issued During Period, Shares, Other								28
Series B convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Value, Issued							$ 703,000
Preferred Stock, Dividend Rate, Percentage											7.00%
Convertible Preferred Stock, Terms of Conversion											(i) $2,400 or (ii) 85% of the lowest volume weighted average price of the common stock of the Company during the five (5) consecutive trading day period ending and including the trading day immediately preceding the delivery of the applicable conversion notice (as adjusted for stock splits, share combinations and similar transactions).
Preferred Stock, Shares Authorized		3,000,000														5,000,000
Conversion of Stock, Amount Converted							$ 1,003,000				$ 4,530,000	5,677,000
Conversion of Stock, Shares Issued							1,857		1,523
Convertible Preferred Stock, Shares Issued upon Conversion							845,000		350,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan									24,500
Dividends And Deemed Dividend							$ 300,000		$ 295,000	$ 1,808,000
Stock Issued During Period, Value, Conversion of Convertible Securities									474,000
Series B convertible Preferred Stock [Member] \| 31 Group, LLC [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share		$ 0.00001
Stock Issued During Period, Shares, New Issues		146
Class of Warrant or Right, Exercise Price of Warrants or Rights	2,400
Sale of Stock, Number of Shares Issued in Transaction		350,000
Sale of Stock, Consideration Received Per Transaction		$ 350,000
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Upper Range Limit	2,400
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Lower Range Limit	1,380
Series B convertible Preferred Stock [Member] \| Short-term Debt [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights							$ 2,400
Debt Conversion, Converted Instrument, Shares Issued							845,000
Extinguishment of Debt, Amount							$ 845,000
Series C convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Value, Issued									$ 943,000
Preferred Stock, Dividend Rate, Percentage											7.00%
Convertible Preferred Stock, Terms of Conversion											(i) 125% of the conversion amount to be redeemed and (ii) the product of (a) the conversion amount divided by the lower of (x) $2,400 or (y) 85% of the lowest volume weighted average price of the common stock of the Company during the five (5) consecutive trading day period ending and including the trading day immediately preceding the delivery of the applicable conversion notice multiplied by (b) 125% of the greatest closing sale price of the common stock on any trading day during the period commencing on the date immediately preceding such triggering event and ending on the date the Company makes the entire redemption payment to the holder of Series C Preferred Stock.
Preferred Stock, Shares Authorized						3,000,000
Conversion of Stock, Shares Converted									7,888
Convertible Preferred Stock, Shares Issued upon Conversion									1,800,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan									126,000
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Upper Range Limit	2,400
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Lower Range Limit	$ 1,380
Dividends And Deemed Dividend									$ 2,001,000
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Transfers, Net, Total									245,000
Stock Issued During Period, Value, Conversion of Convertible Securities									$ 3,189,000
Series C convertible Preferred Stock [Member] \| Institutional Investors [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share						$ 0.00001
Stock Issued During Period, Shares, New Issues						750
Conversion of Stock, Amount Converted						$ 53,000
Sale of Stock, Number of Shares Issued in Transaction						1,800,000
Sale of Stock, Consideration Received Per Transaction						$ 1,800,000
Payments of Stock Issuance Costs						$ 84,000
Series C convertible Preferred Stock [Member] \| Common Stock [Member] \| Institutional Investors [Member]
Class of Stock [Line Items]
Issuance Of Stock Shares Issued Under Series C Financing Arrangement						99
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share										$ 0.00001	$ 0.00001
Conversion of Stock, Amount Converted											$ 3,271,000	$ 0
Conversion of Stock, Shares Issued											5,750,000
Stock Issued During Period, Value, Conversion of Convertible Securities											$ 0
Conversion Of Stock Series B Preferred Stock Transactions											$ 0
Conversion Of Preferred Stock Conversion Price											$ 1.20
Adjustments to Additional Paid in Capital, Conversion of Preferred Stock											$ 2,479,000
Conversion of Stock, New Issuance											771,000
Series D Preferred Stock [Member] \| Integrated Microwave Technologies LLC [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues											5,750,000
Conversion of Stock, Amount Converted											$ 3,250,000
Convertible Preferred Stock, Shares Issued upon Conversion										479,159	479,159
Proceeds from Issuance of Preferred Stock and Preference Stock											$ 2,500,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable											$ 2,500,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares											2,500,000
Other Expenses, Total											$ 1,669,000
Interest Expense											$ 137,000
Series D Preferred Stock [Member] \| Integrated Microwave Technologies [Member] \| Asset Purchase Modification Agreement [Member]
Class of Stock [Line Items]
Conversion of Stock, Shares Issued											5,750,000
Series D Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share										$ 1.00	$ 1.00
Preferred Stock, Shares Authorized															5,000,000
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par or Stated Value Per Share										$ 1,000	$ 1,000
Convertible Preferred Stock, Shares Issued upon Conversion													1,200,000
Series E Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized										5,000	5,000			5,000
Conversion of Stock, Shares Converted											1,200,000
Conversion of Stock, Shares Issued											2,400
Conversion of Stock, Description				one share of Series B Preferred Stock (as amended) and 0.5 of a Warrant to purchase one share of its common stock at an exercise price of $25.20 per Warrant.

XML 90 R65.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details) - Historical Stock Option Plan Activity [Member]	12 Months Ended
	Dec. 31, 2016 shares
Class of Warrant or Right [Line Items]
Options Authorized	3,489
Options Granted	3,199
Shares Exercised	(77)
Shares Forfeited/Expired	(1,278)
Options Outstanding	1,844
Option Plan 2004 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	119
Options Granted	119
Shares Exercised	(56)
Shares Forfeited/Expired	(63)
Options Outstanding	0
Option Plan 2005 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	119
Options Granted	119
Shares Exercised	(8)
Shares Forfeited/Expired	(111)
Options Outstanding	0
Option Plan 2006 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	262
Options Granted	258
Shares Exercised	(5)
Shares Forfeited/Expired	(250)
Options Outstanding	3
Option Plan 2007 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	24
Options Granted	22
Shares Exercised	0
Shares Forfeited/Expired	(4)
Options Outstanding	18
Option Plan 2009 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	238
Options Granted	299
Shares Exercised	(8)
Shares Forfeited/Expired	(122)
Options Outstanding	169
Option Plan 2013 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	756
Options Granted	411
Shares Exercised	0
Shares Forfeited/Expired	(175)
Options Outstanding	236
Option Plan 2015 [Member]
Class of Warrant or Right [Line Items]
Options Authorized	1,971
Options Granted	1,971
Shares Exercised	0
Shares Forfeited/Expired	(553)
Options Outstanding	1,418

XML 91 R66.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details 1) - $ / shares	12 Months Ended
STOCKHOLDERS' EQUITY (Details 1) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Exercise price		$ 306
Volatility		116.00%
Risk-free interest rate		1.54%
Expected dividend yield	0.00%	0.00%
Expected term (years)		6 years

XML 92 R67.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details 2) - Equity Incentives Plan Two [Member]	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Class of Warrant or Right [Line Items]
Number of Options, Outstanding (in Shares) \| shares	2,528
Number of Options, Granted (in Shares) \| shares	0
Number of Options, Exercised (in Shares) \| shares	0
Number of Options, Forfeited or Expired (in Shares) \| shares	(684)
Number of Options, Outstanding (in Shares) \| shares	1,844
Number of Options, Exercisable (in Shares) \| shares	1,129
Weighted Average Exercise Price Outstanding \| $ / shares	$ 9,588
Weighted Average Exercise Price, Granted \| $ / shares	0
Weighted Average Exercise Price, Exercised \| $ / shares	0
Weighted Average Exercise Price, Forfeited or Expired \| $ / shares	2,596
Weighted Average Exercise Price, Outstanding \| $ / shares	1,544
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 2,339

XML 93 R68.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details 3) - Equity Incentives Plan Two [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	1,844	2,528
Weighted Average Exercise Price	$ 1,544	$ 9,588
Number Exercisable (in shares)	1,129
Exercisable Weighted Average Exercise Price	$ 2,339
Exercise Prices Range 1 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	1,686
Weighted Average Remaining Contractual Life (in years)	8 years 2 months 26 days
Weighted Average Exercise Price	$ 509
Number Exercisable (in shares)	971
Exercisable Weighted Average Exercise Price	$ 647
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	0
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 4,622
Exercise Prices Range 2 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	16
Weighted Average Remaining Contractual Life (in years)	3 years 5 months 23 days
Weighted Average Exercise Price	$ 8,190
Number Exercisable (in shares)	16
Exercisable Weighted Average Exercise Price	$ 8,190
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	4,622
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 9,244
Exercise Prices Range 3 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	85
Weighted Average Remaining Contractual Life (in years)	4 years 2 months 23 days
Weighted Average Exercise Price	$ 9,794
Number Exercisable (in shares)	85
Exercisable Weighted Average Exercise Price	$ 9,794
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	9,244
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 13,866
Exercise Prices Range 4 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	18
Weighted Average Remaining Contractual Life (in years)	5 years 8 months 8 days
Weighted Average Exercise Price	$ 15,697
Number Exercisable (in shares)	18
Exercisable Weighted Average Exercise Price	$ 15,697
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	13,866
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 18,488
Exercise Prices Range 5 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding (in shares)	39
Weighted Average Remaining Contractual Life (in years)	5 years 7 months 10 days
Weighted Average Exercise Price	$ 19,099
Number Exercisable (in shares)	39
Exercisable Weighted Average Exercise Price	$ 19,099
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	18,488
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$ 23,110

XML 94 R69.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details 4)	12 Months Ended
STOCKHOLDERS' EQUITY (Details 4)	Dec. 31, 2016 $ / shares shares
Class of Warrant or Right [Line Items]
Warrants Outstanding, Number of Options and Warrants (in Shares) \| shares	75,163
Granted Number of Options and Warrants (in Shares) \| shares	7,602,945
Exercised, Number of Options and Warrants (in Shares) \| shares	(64,466)
Forfeited or Expired, Number of Options and Warrants (in Shares) \| shares	(7,738)
Warrants Outstanding, Number of Options and Warrants (in Shares) \| shares	7,611,904
Exercisable, Number of Options and Warrants (in Shares) \| shares	7,441,071
Warrants Outstanding, Weighted Average Exercise Price \| $ / shares	$ 505.2
Granted, Weighted Average Exercise Price \| $ / shares	2.92
Exercised, Weighted Average Exercise Price \| $ / shares	96.04
Forfeited or Expired, Weighted Average Exercise Price \| $ / shares	1,959.00
Warrants Outstanding, Weighted Average Exercise Price \| $ / shares	5.98
Exercisable, Weighted Average Exercise Price \| $ / shares	$ 6.04

XML 95 R70.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Details 5)

12 Months Ended

Dec. 31, 2016

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Exercise Price $2.00 [Member]

7,611,904

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

6,250,000

4 years 11 months 26 days

Exercise Price $2.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

1,049,376

^[1]

4 years 6 months 18 days

^[1]

Exercise Price $2.50[Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

150,000

2 years 11 months 19 days

Exercise Price $8.40 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

20,833

4 years 9 months 25 days

Exercise Price $13.79 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

116,666

4 years 4 months 17 days

Exercise Price $90.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

20,417

1 year 10 months 2 days

Exercise Price $420.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

1 year 3 months

Exercise Price $1,380.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

1,209

3 years 1 month 6 days

Exercise Price $2,400.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

353

3 years 1 month 24 days

Exercise Price $2,625.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

143

1 year 10 months 17 days

Exercise Price $8,244.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

2,723

1 year 7 months 28 days

Exercise Price $10,500.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Weighted Average Remaining Contractual Life (in years)

118

1 year 14 days

Exercise Price $42,000.00 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]