COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	2 Months Ended	12 Months Ended
	Mar. 31, 2016	Jan. 31, 2016
COMMITMENTS AND CONTINGENCIES [Line Items]
Annual Base Remuneration Payments Due Current		$ 1,077,500
Annual Base Remuneration Payments Due In Two Years		878,333
Annual Base Remuneration Payments Due In Three Years		513,333
Annual Base Remuneration Payments Due In Four Years		268,750
Loss Contingency, Damages Sought, Value		8,000,000
Loss Contingency, Estimate of Possible Loss		278,000
Loss Contingency, Range of Possible Loss, Maximum		500,000
Loss Contingency Accrual		$ 238,000
Subsequent Event [Member]
COMMITMENTS AND CONTINGENCIES [Line Items]
Litigation Settlement, Amount	$ 3,000,000