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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

 

    Financial liabilities at fair value as of March 31, 2017  
    Level 1     Level 2     Level 3     Total  
                         
5% Notes   $ --     $ --     $ 174,657     $ 174,657  
Total   $ --     $ --     $ 174,657     $ 174,657  

 

    Financial liabilities at fair value as of December 31, 2016  
    Level 1     Level 2     Level 3     Total  
                         
5% Notes   $ --     $ --     $ 68,875     $ 68,875  
Total   $ --     $ --     $ 68,875     $ 68,875  

 

 

Change In Level Three Fair Value During Period

 

Fair value at December 31, 2016   $ 68,875  
Interest accrued on face value of 5% Notes     202,748  
Change in fair value of Level 3 liabilities     (96,966 )
Fair value at March 31, 2017   $ 174,657