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STOCKHOLDERS' DEFICIT (Tables)
12 Months Ended
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Fair Value Assumptions for Stock Options

 

 

 

For the Years Ended
December 31,

 

 

2016

 

2015

Risk free interest rate

 

0.58% – 1.90%

 

0.54% – 2.28%

Expected term in years

 

2.0 – 10.0

 

2.0 – 10.0

Dividend yield

 

 

Volatility of common stock

 

99.01% – 105.08%

 

79.66% – 99.31%

Estimated annual forfeitures

 

 

Employee Options and Stock Appreciation Rights [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at December 31, 2014

 

 

7,784,507

 

 

$

0.85

 

 

 

5.44

 

 

 

 

Granted

 

 

367,500

 

 

$

0.41

 

 

 

5.0

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

 

8,152,007

 

 

$

0.85

 

 

 

5.36

 

 

$

6,000

 

Exercisable at December 31, 2015

 

 

5,006,675

 

 

$

0.94

 

 

 

4.65

 

 

$

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2015

 

 

 

 

 

$

0.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

8,152,007

 

 

$

0.85

 

 

 

5.36

 

 

 

 

 

Granted

 

 

301,000

 

 

$

0.22

 

 

 

5.00

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

 

Expired

 

 

(257,500

)

 

$

1.88

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

8,195,507

 

 

$

0.82

 

 

 

4.71

 

 

$

 

Exercisable at December 31, 2016

 

 

5,107,679

 

 

$

0.92

 

 

 

4.12

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2016

 

 

 

 

 

$

0.15

 

 

 

 

 

 

 

 

Director [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at December 31, 2014

 

 

2,145,833

 

 

$

1.03

 

 

 

7.65

 

 

 

 

Granted

 

 

620,000

 

 

$

0.79

 

 

 

10.00

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

 

2,765,833

 

 

$

0.98

 

 

 

7.28

 

 

$

900

 

Exercisable at December 31, 2015

 

 

1,377,501

 

 

$

1.15

 

 

 

6.6

 

 

$

900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2015

 

 

 

 

 

$

0.76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

2,765,833

 

 

$

0.98

 

 

 

7.28

 

 

 

 

 

Granted

 

 

715,000

 

 

$

0.37

 

 

 

10.00

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

3,480,833

 

 

$

0.86

 

 

 

6.93

 

 

$

 

Exercisable at December 31, 2016

 

 

2,812,500

 

 

$

0.98

 

 

 

6.31

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2016

 

 

 

 

 

$

0.29

 

 

 

 

 

 

 

 

Non-Employee, Non-Director Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Options Activity

A summary of options issued to non-employees, non-directors under the 2007 Plan and changes during the year ended December 31, 2016 and 2015 is as follows:


 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

 

 

Aggregate

Intrinsic

Value

 

Balance at December 31, 2014

 

 

270,00

 

 

$

1.21

 

 

 

1.2

 

 

 

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

Expired

 

 

(250,000

)

 

$

 

 

 

 

 

 

 

Outstanding at December 31. 2015

 

 

20,000

 

 

$

1.18

 

 

 

2.75

 

 

$

 

Exercisable at December 31, 2015

 

 

20,000

 

 

$

1.182

 

 

 

2.75

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2015

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

20,000

 

 

$

1.18

 

 

 

2.75

 

 

 

 

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

20,000

 

 

$

1.189

 

 

 

1.75

 

 

$

 

Exercisable at December 31, 2016

 

 

20,000

 

 

$

1.18

 

 

 

1.75

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options granted during the year ended December 31, 2016

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 

 

Warrants Issued for Settlement [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Warrant Activity

 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Remaining

Contractual

Life

 

Balance at December 31, 2014

 

 

350,000

 

 

$

0.63

 

 

 

2.7

 

Granted

 

 

 

 

$

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

Outstanding at December 31, 2015

 

 

350,000

 

 

$

0.63

 

 

 

1.7

 

Exercisable at December 31, 2015

 

 

350,000

 

 

$

0.63

 

 

 

1.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of warrants granted during the year ended December 31, 2015

 

 

 

 

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

350,000

 

 

$

0.63

 

 

 

1.7

 

Granted

 

 

250,000

 

 

$

0.37

 

 

 

5.0

 

Exercised

 

 

 

 

$

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

Outstanding at December 31, 2016

 

 

600,000

 

 

$

0.52

 

 

 

2.3

 

Exercisable at December 31, 2016

 

 

600,000

 

 

$

0.52

 

 

 

2.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of warrants granted during the year ended December 31, 2016

 

 

 

 

 

$

0.28

 

 

 

 

 

Warrant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Warrant Activity

A summary of warrants issued for cash or services and changes during the years ended December 31, 2016 and 2015 is as follows:


 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Remaining

Contractual

Life

 

Balance at December 31, 2014

 

 

5,746,370

 

 

$

1.71

 

 

 

2.63

 

Granted

 

 

4,832,134

 

 

$

1.72

 

 

 

2.76

 

Exercised

 

 

 

 

$

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

Expired

 

 

(236,200

)

 

$

1.60

 

 

 

 

Outstanding at December 31, 2015

 

 

10,342,304

 

 

$

1.73

 

 

 

1.68

 

Exercisable at December 31, 2015

 

 

10,342,304

 

 

$

1.73

 

 

 

1.68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of warrants granted during the year ended December 31, 2015

 

 

 

 

 

$

0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

10,342,304

 

 

$

1.73

 

 

 

1.68

 

Granted

 

 

4,791,260

 

 

$

1.93

 

 

 

2.5

 

Exercised

 

 

 

 

$

 

 

 

 

Forfeited

 

 

 

 

$

 

 

 

 

Expired

 

 

 

 

$

 

 

 

 

Outstanding at December 31, 2016

 

 

15,133,564

 

 

$

1.77

 

 

 

1.27

 

Exercisable at December 31, 2016

 

 

15,066,898

 

 

$

1.78

 

 

 

1.24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of warrants granted during the year ended December 31, 2016

 

 

 

 

 

$

0.26