BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2017

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Potentially Antidilutive Securities Excluded From Computation of Earnings Per Share

	March 31, 2017		December 31, 2016
Exercisable stock options		3,660,000		3,010,000
Warrants issued to underwriter		255,600		255,600
Warrants issued to convertible note holders		6,666,600		1,294,987
Warrants issued to placement agent—convertible note offering		666,600		129,526
Shares underlying convertible notes		6,666,666		1,295,067
Total		17,915,466		5,985,180