STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Weighted average Black-Scholes Option Pricing Model Assumptions

The Company estimates the fair values of stock options using the Black-Scholes option-pricing model. The assumptions used in the Black-Scholes option-pricing model and the weighted-average grant date fair value of the option awards for the periods presented were as follows:

	Three Months Ended March 31,
	2016	2015
Volatility	151.70%	94.06%
Expected term (in years)	6.0	6.0
Risk-free rate	1.22%	1.64%
Expected dividend yield	—%	—%
Weighted-average grant date fair value	$0.96	$2.42