XML 50 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
PREFERRED STOCK AND DETACHABLE WARRANTS (Details) - USD ($)
3 Months Ended 12 Months Ended
May 13, 2016
Jun. 24, 2015
Mar. 31, 2017
Dec. 31, 2016
May 31, 2016
Temporary Equity [Line Items]          
Fair value of warrants issued with Series B and B-1 Preferred Stock $ 2,867,264 $ 7,028,067      
Less: beneficial conversion feature   5,737,796      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance at beginning of period     $ 4,365,992 $ 1,548,604  
Change in valuation of warrants     (920,672) (49,876)  
Balance at end of period     3,445,320 4,365,992  
Series B Preferred Stock          
Temporary Equity [Line Items]          
Face amount of Preferred Stock   25,000,000 25,000,000 25,000,000  
Less: beneficial conversion feature   5,737,796      
Less: issuance costs and fees   1,442,462      
Carrying amount of preferred shares   10,791,675 6,097,610 5,676,467  
Less: repurchase of 3,575,070 shares     11,189,838 11,189,838  
Less: conversions of shares to common stock     5,386,341 5,386,341  
Plus: dividends in kind     1,764,148 1,164,701  
Less: unaccreted discount     4,090,359 3,912,055 $ 5,408,131
Series B1 Preferred Stock          
Temporary Equity [Line Items]          
Face amount of Preferred Stock 19,349,745 $ 19,349,756 19,349,745 19,349,745  
Less: beneficial conversion feature 2,371,106        
Less: issuance costs and fees 607,880        
Carrying amount of preferred shares $ 13,503,495   14,327,186 13,927,788  
Less: conversions of shares to common stock     748,306 628,866  
Plus: dividends in kind     732,753 435,369  
Less: unaccreted discount     $ 5,007,006 5,228,460  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
May 2016 Series B1 Preferred Warrants (described below)       $ 2,867,264