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FAIR VALUE MEASUREMENTS (Details 1)
3 Months Ended
Mar. 31, 2016
USD ($)
Fair Value, Measurement Changes In Level 3 Instruments [Line Items]  
Fair value at December 31, 2015 $ 211,549
Interest accrued on face value of 5% Notes 242,405
Change in fair value of Level 3 liabilities (301,037)
Fair value at March 31, 2016 $ 152,917