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WARRANT LIBILITY (Schedule of Reconciliation of the Beginning and Ending Balances of Warrants Liability Measured at Fair Value on a Recurring Basis Using Level 2 Inputs) (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 2 inputs [Roll Forward]      
Beginning balance $ 577,500    
Fair value change of the issued warrants included in earnings (577,500) $ (1,312,500) $ (7,455,000)
Ending balance 577,500  
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]      
Reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 2 inputs [Roll Forward]      
Beginning balance 577,500    
Warrants issued    
Fair value change of the issued warrants included in earnings (577,500)    
Ending balance $ 577,500