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STOCK BASED COMPENSATION (Details Textual) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
May 18, 2016
Sep. 28, 2010
Stock-based Compensation [Line Items]            
Share-based Compensation $ 200,187 $ 205,112 $ 392,664 $ 353,981    
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross     2,778,671      
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period     2 years 3 months 25 days      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares 4,025,656   4,025,656      
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized $ 4,000,000   $ 4,000,000      
Stock Option and Incentive Plan 2010 [Member]            
Stock-based Compensation [Line Items]            
Shares held in Employee Stock Option Plan, Suspense Shares         2,000,000 1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant 2,113,315   2,113,315      
Employees And Directors [Member]            
Stock-based Compensation [Line Items]            
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross 2,778,671   2,778,671