STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

STOCKHOLDERS' EQUITY [Abstract]

Warrants outstanding and number of shares of common stock subject to exercise

The following table summarizes the warrants outstanding and the number of shares of Common Stock subject to exercise as of March 31, 2016 and the changes therein during the three months then ended:

		Number of Shares of Common Stock Subject to Exercise	Weighted – Average Exercise Price
Balance as of December 31, 2015		1,774,193	$   0.77
	Warrants issued	25,245,442	$   0.09
	Warrants exercised	---	---
	Warrants cancelled	---	---
Balance as of March 31, 2016		27,019,635	$   0.13

Expiration dates for warrants subject to exercise

Of the warrant shares subject to exercise as of March 31, 2016, expiration of the right to exercise is as follows:

Date of Expiration		Number of Warrant Shares of Common Stock Subject to Expiration
	June 13, 2016	35,000
	July 16, 2016	116,667
	July 28, 2016	34,722
	December 24, 2016	653,686
	March 14, 2018	660,000
	January 15, 2019	80,000
	April 30, 2020	194,118
	March 30, 2021	25,245,442
	Total	27,019,635