BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Fair market value of the considerations

	Shares		FMV
Closing Consideration Shares		12,947,657	$	2,071,625
ANDA Consideration Shares		12,947,655		1,657,300
Total		25,895,312	$	3,728,925

Aggregate purchase price consideration

The total purchase price is summarized as follows:
Cash consideration	$	43,124
Fair value of  common stock issued at closing		2,071,625
Fair value of ANDA consideration shares		1,657,300
Fair value of future earn out payments		1,205,000
Total	$	4,977,049

Fair value of assets acquired and liabilities assumed

Cash	$	43,124
Prepaid expenses		25,907
Total tangible assets		69,031
Product rights and related manufacturing agreement		4,681,000
Trademarks		150,000
Total identifiable intangible assets		4,831,000
Goodwill		120,143
Total acquired assets		5,020,174
Other current liabilities		(43,125	)
Total assumed liabilities		(43,125	)
Acquired assets net of assumed liabilities	$	4,977,049

Pro forma information

	Year Ended December 31, 2015							Year Ended December 31, 2014
	As Reported			Pro Forma (unaudited)				As Reported		Pro Forma (unaudited)
Net revenues	$	735,717		$	735,717		$	1,030,113		$	1,030,113
Net loss	$	(4,202,628	)	$	(4,578,521	)	$	(4,826,967	)	$	(8,350,196	)
Net loss per share of common stock – basic and diluted	$	(0.08	)	$	(0.09	)	$	(0.20	)	$	(0.22	)
Weighted average number of shares outstanding – basic and diluted		52,517,530			53,794,559			24,384,037			37,331,694