SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

SHAREHOLDERS' EQUITY

Summary of Warrants Outstanding

	Shares Underlying Outstanding Warrants		Exercise Price		Expiration Date
Underwriter warrants		255,600	$	1.25		11/12/2020
Investor warrants		6,666,600	$	3.00		12/31/2019
Placement agent warrants		666,600	$	1.50		12/31/2021
Total warrants outstanding		7,588,800