XML 63 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2
STOCKHOLDERS' EQUITY (Details Narrative 2) - USD ($)
1 Months Ended 12 Months Ended
Jun. 30, 2013
May 11, 2013
May 31, 2013
Jan. 31, 2013
May 31, 2012
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Prepaid expenses - current           $ 405,960 $ 369,812  
Recognition period of unamortized costs           2 years 7 months 6 days    
Financing costs               $ 260,027
SCI - Warrants [Member]                
Exercise price of warrants (in dollars per share)     $ 2.01          
Warrants granted to purchase common stock (shares)     850,000          
Non-cash compensation           $ 77,026 154,068 154,068
Unamortized costs of warrants           $ 128,898    
Vesting date of warrants   Jun. 30, 2013            
Expected term   5 years            
Volatility rate   45.89%            
Risk free rate   1.12%            
Dividend yield   0.00%            
Forfeited warrants granted to purchase common stock (shares)     833,000          
Vested warrants granted to purchase common stock (shares)   283,333            
Recognition period of unamortized costs           6 months    
SCI - Warrants [Member] | Tranche One [Member]                
Fair value of grant $ 405,066              
Non-cash compensation 405,066              
SCI - Warrants [Member] | Tranche Two [Member]                
Fair value of grant $ 462,196              
Expected term 5 years              
Volatility rate 45.84%              
Risk free rate 1.41%              
Dividend yield 0.00%              
Vested warrants granted to purchase common stock (shares) 283,333              
Warrants - Unaffiliated Entity [Member] [Member]                
Exercise price of warrants (in dollars per share)         $ 2.57      
Fair value of grant         $ 1,532,228      
Warrants granted to purchase common stock (shares)         1,300,000      
Prepaid expenses - current           $ 128,898    
Non-cash compensation           257,796 257,796 309,165
Expected term         5 years      
Volatility rate         44.71%      
Risk free rate         0.74%      
Dividend yield         0.00%      
Multiple Advance Revolving Credit Note (Plato Warrant) [Member]                
Exercise price of warrants (in dollars per share)       $ 3.20        
Fair value of grant       $ 1,711,956        
Common stock for warrants issued (shares)       1,250,000        
Expiration date of warrants       Jan. 31, 2019        
Vesting date of warrants       Oct. 31, 2013        
Expected term       6 years        
Volatility rate       44.29%        
Risk free rate       0.88%        
Dividend yield       0.00%        
Financing costs           $ 0 $ 0 $ 260,027