DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Derivative And Fair Value Disclosure [Abstract]

Schedule of fair value reconciliation

The table below provides a reconciliation of beginning and ending balances for the liabilities measured at fair value using significant unobservable inputs (Level 3):

	Warrants			Warrant Down-round Protection Derivative			Total
Balance, December 31, 2014	$	(1,809,949	)	$	(256,530	)	$	(2,066,479	)
Release of Warrants Liability upon Exercise		201,739			28,593			230,332
Net Change in Fair Value		433,898			(155,467	)		278,431
Balance, December 31, 2015		(1,174,312	)		(383,404	)		(1,557,716	)
Release of Warrants Liability upon Exercise		124,982			35,263			160,245
Net Change in Fair Value		1,049,330			348,141			1,397,471
Balance, December 31, 2016	$	—		$	—		$	—

Schedule of valuation techniques

The following table describes the valuation techniques used to calculate fair values for assets in Level 3. There were no changes in the valuation techniques during the year ended December 31, 2016 and 2015.

	Fair Value at December 31, 2016		Fair Value at December 31, 2015		Valuation Technique	Unobservable Input	Range
Warrants and Warrant Down-round Protection Derivative (combined)	$	—	$	1,557,716	Binomial Option Pricing Model	Probability of common stock issuance at prices less than exercise prices stated in agreements		—  & 50%, respectively
						Probability of reset provision being waived		— & 5%