FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2019

FAIR VALUE MEASUREMENT [Abstract]

Financial Assets, Measured at Fair Value

The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy as of March 31, 2019:

	Level 1		Level 2		Level 3		Total
Cash equivalents:	$	-	$	-	$		$	-
Warrant liability						4,639,655		4,639,655
Contingent consideration		-		-		-		-
Total		-		-	$	4,639,655	$	4,639,655

The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy as of December 31, 2018:

	Level 1		Level 2		Level 3		Total
Cash equivalents:	$	-	$	-	$		$	-
Warrant liability						4,189,388		4,189,388
Contingent consideration		-		-		605,223		605,223
Total		-		-	$	4,794,611	$	4,794,611

Change in Level 3 Instruments

The following table presents the change in level 3 instruments:

Closing balance December 31st 2018		4,794,611
Additions during the period	$	450,267
Paid/settlements		(605,223	)
Total gains recognized in Statement of Operations		-
Closing balance March 31st 2019	$	4,639,655