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PREFERRED STOCK AND DETACHABLE WARRANTS (Details 2) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Jun. 24, 2015
Temporary Equity [Line Items]      
Market price (in USD per share)     $ 2.91
Series B Preferred Stock      
Temporary Equity [Line Items]      
Face amount of Series B Preferred Stock $ 25,000,000 $ 25,000,000 $ 25,000,000
Less: allocated value of Warrants     7,028,067
Allocated value of Series B Preferred Stock     $ 17,971,933
Shares of Common stock to be converted     8,064,534
Effective conversion price (in USD per share)     $ 2.23
Market price (in USD per share)     2.94
Intrinsic value per share (in USD per share)     $ 0.7115
Intrinsic value of beneficial conversion feature     $ 5,682,741