INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Provision)

The income tax benefit (provision) consists of the following:

	2015			2014
Current	$	(1,468,000	)	$	(1,582,000	)
Deferred		346,000			(211,000	)
Change in valuation allowance		1,122,000			1,793,000
	$	—		$	—

Schedule of Reconciliation of Statutory Federal Rate to Effective Income Tax Rate

The reconciliation of the statutory federal rate to the Company’s effective income tax rate is as follows:

	2015						2014
	Amount			%			Amount			%
Income tax benefit at U.S.
federal income tax rate	$	(1,647,000	)		(34	)	$	(1,503,000	)		(34	)
State tax, net of federal tax effect		(436,000	)		(9	)		(398,000	)		(9	)
Non-deductible share-based compensation		961,000			20			91,000			2
Other non-deductible		—			—			17,000			—
Change in valuation allowance		1,122,000			23			1,793,000			41
	$	—			—		$	—			—

Schedule of Components of Deferred Tax Assets

The components of deferred tax assets as of December 31, 2015 and 2014 are as follows:

	2015			2014
Deferred tax asset for NOL carryforwards	$	13,043,000		$	11,574,000
Share-based compensation		3,217,000			3,564,000
Accrued expenses		—			—
Valuation allowance		(16,260,000	)		(15,138,000	)
	$	—		$	—