SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of carrying and estimated fair values of financial instruments

The carrying amounts and estimated fair values of long-term debt at December 31, 2018 and 2017 are as follows: 

	2018				2017
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Convertible promissory notes	$	10,087,939	$	—	$	8,461,795	$	—
Loans payable related party		737,023		—		3,019,923		—
	$	10,824,962	$	—	$	11,481,718	$	—

Schedule of assumptions for options and warrants

The following table lists the assumptions utilized in applying the Black-Scholes valuation model for options and warrants. 

	Year ended December 31,
	2018			2017
Expected volatitily		160	%		160	%
Expected life (in years) of options		2			3
Expected life (in years) of warrants		1/2			1/2
Risk-free interest rate range, options		1.5	%		1.5	%
Risk-free interest rate range, warrants		1.5	%		1.5	%
Expected divident yield		0	%		0	%

Schedule of computation of basic loss per common share

For the periods presented, since losses would produce anti-dilution, no diluted loss per common share is presented. The following table sets forth the computation of basic loss per common share: 

	Year ended December 31,
	2018		2017
Numerator:
Net income (loss) attributable to common stockholders	$	4,829,653	$	(5,890,357	)
Denominator:
Weighted average common shares		65,362,240		63,063,685
Basic income (loss) per share attributable to common stockholders	$	0.07	$	(0.09	)