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PREFERRED STOCK AND DETACHABLE WARRANTS (Details 2) - USD ($)
Sep. 30, 2016
May 13, 2016
Dec. 31, 2015
Jun. 24, 2015
Temporary Equity [Line Items]        
Market price (in USD per share)   $ 1.52   $ 2.91
Series B1 Preferred Stock        
Temporary Equity [Line Items]        
Face amount of Preferred Stock $ 19,349,745 $ 19,349,745   $ 19,349,756
Less: allocated value of Warrants 2,037,075     2,867,264
Allocated value of Preferred Stock       $ 16,482,492
Shares of Common stock to be converted       12,403,683
Effective conversion price (in USD per share)       $ 1.33
Market price (in USD per share)       1.52
Intrinsic value per share (in USD per share)       $ 0.19
Intrinsic value of beneficial conversion feature       $ 2,371,106
Series B Preferred Stock        
Temporary Equity [Line Items]        
Face amount of Preferred Stock 25,000,000   $ 25,000,000 25,000,000
Less: allocated value of Warrants $ 1,654,608     7,028,067
Allocated value of 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