NET LOSS PER SHARE (RESTATED) (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of antidilutive securities

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-months and six-months ended June 30, 2016 and 2015 because the effect of them would be anti-dilutive since the Company recorded net losses for both periods:

	Three Months Ended   June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Options to purchase common stock		5,911,359		4,312,409		5,911,359		4,312,409
Warrants to purchase common stock		6,033,426		9,644,423		6,033,426		9,644,423
Total		11,944,785		13,956,832		11,944,785		13,956,832

Schedule of restatement of Companys financial statements

The following table shows the effect of the restatement on the Company’s financial statements for the three and six months ended June 30, 2016:

	Three Months Ended June 30, 2016						Six Months Ended June 30, 2016
	As Previously Reported			Restated			As Previously Reported			Restated
Weighted average common shares outstanding used to compute income (loss) per share, basic and diluted		34,550,826			38,818,069			33,058,066			37,287,800
Loss per common share - basic and diluted	$	(0.05	)	$	(0.04	)	$	(0.12	)	$	(0.11	)