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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING EXPENSES:        
General and administrative $ 365,047 $ 509,478 $ 815,304 $ 1,061,380
Technical services 211,998 418,416 514,408 841,374
Depreciation 12,460 15,565 45,764 43,402
Legal, accounting, and consulting 609,196 291,865 822,936 757,489
Fees, filing, and licenses 12,453 2,560 26,321 50,360
Total operating expenses 1,211,154 1,237,884 2,224,733 2,754,005
LOSS FROM OPERATIONS (1,211,154) (1,237,884) (2,224,733) (2,754,005)
OTHER INCOME:        
Interest, net (7,492) 1,553 (6,918) 3,661
NET LOSS (1,218,646) (1,236,331) (2,231,651) (2,750,344)
CUMULATIVE PREFERRED STOCK DIVIDENDS (25,226) (52,890) (75,357) (105,780)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (1,243,872) $ (1,289,221) $ (2,307,008) $ (2,856,124)
NET LOSS PER SHARE (basic and diluted) (in dollars per share) $ (0.04) $ (0.04) $ (0.07) $ (0.09)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (basic and diluted) 32,842,905 29,814,040 31,673,559 29,814,040