BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Estimated Useful Life Of Property and Equipment

Description	Estimated Useful Life
Office equipment and furniture	5 to 7 years
Leasehold improvements	3 years
Computer equipment	3 years
Equipment under capitalized lease	Over life of lease

Basic and diluted net income/(loss) per share

The following table is a reconciliation of the numerator and denominator used in the calculation of basic and diluted net income/(loss) per share.

	Year Ended December 31,
	2015		2014
Numerator:
Net income/(loss)	$	(11,507,963)	$	7,770,767
Denominator:
Weighted-average shares of common stock outstanding used in the calculation of basic net income/(loss) per share		20,408,616		20,381,554
Effect of dilutive securities:
Warrants to purchase common stock		-		4,428,441
Weighted-average shares of common stock outstanding used in the calculation of diluted net income/(loss) per share		20,408,616		24,809,995

Potentially Dilutive Securities

As of December 31, 2015 and 2014, potentially dilutive securities include:              

	Year Ended December 31,
	2015		2014
Warrants to purchase common stock		4,455,231		4,455,231