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CAPITAL STOCK (Tables)
3 Months Ended
Mar. 31, 2016
Capital [Abstract]  
Schedule of Warrants

As of March 31, 2016, the Company had warrants to purchase common shares outstanding as follows: 

 

Date of Grant   Number of Warrants   Expiration Date   Exercise Price  
                   
April 26, 2013     22,981   April 26, 2016   $ 30.00  
February 14, 2014     3,333   February 14, 2019   $ 0.30 *
December 31, 2014     13,333   December 31, 2019   $ 0.30  
                   
Total     39,647            

 

*Cashless exercise permitted.

 

As of March 31, 2015, the Company had warrants to purchase common shares outstanding as follows:

 

Date of Grant   Number of Warrants   Expiration Date   Exercise Price  
January 9, 2013     3,903   January 9, 2016   $ 30.00  
April 26, 2013     22,981   April 26,2016   $ 30.00  
February 14, 2014     3,333   February 14, 2019   $ 6.00 *
December 31, 2014     13,333   December 31, 2019   $ 6.00  
                   
Total     43,550            

 

 *Cashless exercise permitted.