NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of notes payable

Notes payable consisted of the following at June 30, 2016 and December 31, 2015:

Year Issued	Interest Rate Range	Term of Notes	Conversion Price	Principal Outstanding June 30, 2016		Discount Amount June 30, 2016		Carrying Amount June 30, 2016		Shares Underlying Notes June 30, 2016	Principal Outstanding December 31, 2015		Discount Amount December 31, 2015		Carrying Amount December 31, 2015		Shares Underlying Notes December 31, 2015
Notes payable
2013	10%	Due on demand	—	$	972,200	$	—	$	972,200	—	$	830,000	$	—	$	830,000	—
2014	11%	Due on demand - 2 years	—	613,615		—		613,615		—	1,446,950		—		1,446,950		—
2015	11%	Due on demand - 2 years	—	2,530,532		—		2,530,532		—	2,379,799		—		2,379,799		—
2016	10 - 11%	Due on demand –12.5 months	—	2,678,335		426,491		2,251,844		—	—		—		—		—
				$	6,794,682	$	426,491	$	6,368,191	—	$	4,656,749	$	—	$	4,656,749	—
		Current		$	6,794,682	$	426,491	$	6,368,191	—	$	4,656,749	$	—	$	4,656,749	—
		Non-current		$	—	$	—	$	—	—	$	—	$	—	$	—	—
Notes payable - related party
2012	8% - 10%	Due on demand	—	$	626,730	$	—	$	626,730	—	$	626,730	$	—	$	626,730	—
2013	8%	Due on demand	—	50,000		—		50,000		—	50,000		—		50,000		—
2014	11%	Due on demand - 2 years	—	—		—		—		—	240,308		—		240,308		—
2015	10% - 11%	Due on demand - 2 years	—	1,621,265		—		1,621,265		—	1,849,266		—		1,849,266		—
2016	10% - 11%	Due on demand - 2 years	—	993,843				993,843		—	—		—		—		—
				$	3,291,838	$	—	$	3,291,838	—	$	2,766,304	$	—	$	2,766,304	—
		Current		$	3,291,838	$	—	$	3,291,838	—	$	2,766,304	$	—	$	2,766,304	—
		Non-current		$	—	$	—	$	—	—	$	—	$	—	$	—	—
Convertible notes payable
2010	6%	5 years	$3.05	$	2,000	$	—	$	2,000	656	$	2,000	$	—	$	2,000	656
2011	10%	5 years	$3.05	300,000		—		300,000		98,285	500,000		—		500,000		163,809
2013	10%	2 years	$3.60	—		—		—		—	525,257		—		525,257		185,553
2014	10%	Due on demand - 2 years	$3.05-$3.60	2,716,505		119,448		2,597,057		887,820	4,378,563		353,700		4,024,863		1,120,470
2015	10%	Due on demand - 2 years	$3.50-$7.00	4,728,288		319,566		4,408,722		1,283,410	5,681,166		526,066		5,155,100		1,517,996
2016	10%	Due on demand - 2 years	$3.50-$4.50	4,061,535		923,086		3,138,449		1,005,657	—		—		—		—
				$	11,808,328	$	1,362,100	$	10,446,228	3,275,828	$	11,086,986	$	879,766	$	10,207,220	2,988,484
		Current		$	7,137,644	$	798,224	$	6,339,420	2,111,764	$	6,358,698	$	358,351	$	6,000,347	1,762,849
		Non-current		$	4,670,684	$	563,876	$	4,106,808	1,164,064	$	4,728,288	$	521,415	$	4,206,873	1,225,635
Convertible notes payable - related party
2012	10%	Due on demand	$3.30	$	254,000	$	—	$	254,000	90,651	$	298,000	$	—	$	298,000	108,505
2015	10%	2 years	$4.50	320,000		—		320,000		75,900	320,000		—		320,000		72,354
				$	574,000	$	—	$	574,000	166,551	$	618,000	$	—	$	618,000	180,859
		Current		$	254,000	$	—	$	254,000	90,651	$	298,000	$	—	$	298,000	108,505
		Non-current		$	320,000	$	—	$	320,000	75,900	$	320,000	$	—	$	320,000	72,354
		Grand Total		$	22,468,848	$	1,788,591	$	20,680,257	3,442,379	$	19,128,039	$	879,766	$	18,248,273	3,169,343

Schedule of contractual principal payments of notes payable

Contractual principal payments due on notes payable are as follows:

Year Ending	at June 30, 2016
2016	$	12,767,736
2017	6,784,168
2018	2,916,944
Total	$	22,468,848

Schedule of fair value assumptions for warrants issued in conjunction with notes

The fair value of the warrants issued in conjunction with notes was determined using the Black Scholes Merton option pricing model with the following inputs for the periods ended:

	June 30, 2016			December 31, 2015
Stock price	$	5.00		$	4.50
Exercise price	$	4.50 - 4.70		$	4.90
Term	5 years			5 years
Risk-free interest rate	1.01 - 1.28		%	1.57		%
Expected dividend yield	—			—
Expected volatility	65.4 - 67.8		%	67.3		%