INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

The benefit for income taxes differs from the benefit computed by applying the federal statutory rate to loss before income taxes as follows:

	Year Ended December 31,
	2016			2015
Expected federal income tax benefit at statutory federal rate	$	(2,165,421	)	$	(6,015,321	)
Share-based compensation		214,430			194,676
Other permanent items		1,034			17,947
Loss of tax attributes of NRLBH		437,763
Effect of change in valuation allowance		843,386			5,788,496
Prior year true-up		656,812			-
Other		11,996			14,202
Actual federal income tax benefit	$	-		$	-

Schedule of deferred tax assets and liabilities

The components of net deferred tax assets are as follows:

	As of December 31,
	2016			2015
Deferred tax assets, current:
Accrued bonuses	$	207,175			165,642
Obsolete inventory		35,426			35,426
Accrued vacation		32,135			31,896
Valuation allowance, current		(274,736	)		(232,964	)
Net deferred tax asset, current		-			-
Deferred tax assets, long term:
Net operating loss carryforwards		16,382,515			15,840,922
Intangible assets, net		949,088			768,232
Share-based compensation		934,995			851,521
Basis difference in fixed assets		53,819			53,819
Contribution, carryforward		315			272
Valuation allowance, long term		(18,283,243	)		(17,481,629	)
Deferred tax asset, long term		37,489			33,137
Deferred tax liabilities
Other		(37,489	)		(33,137	)
Net deferred tax asset, long term		-			-
Net deferred tax asset	$	-		$	-