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PREFERRED STOCK AND TEMPORARY EQUITY (Details 2) - USD ($)
Dec. 31, 2015
Jun. 24, 2015
Temporary Equity [Line Items]    
Shares of Common stock to be converted   8,064,534
Market price (in USD per share)   $ 2.91
Series B Preferred Stock    
Temporary Equity [Line Items]    
Face amount of Series B Preferred $ 25,000,000 $ 25,000,000
Less: warrant value   7,028,067
Allocated value of Series B Preferred Stock   $ 17,971,933
Effective conversion price (in USD per share)   $ 2.23
Market price (in USD per share)   2.94
Intrinsic value per share (in USD per share)   $ 0.7115
Intrinsic value of beneficial conversion feature   $ 5,682,741