STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2017 and 2016 are summarized as follows:

OPTIONS ISSUED FOR COMPENSATION:	Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
Outstanding at December 31, 2015	2,873,582		$	4.99		5.94	$	2,585,341
Options granted	570,000		1.38			9.72	622,115
Options exercised	(100,000	)	(0.50		)	0.00	(27,753		)
Options cancelled/forfeited/expired	(136,666	)	(8.64		)	0.00	(213,675		)
Outstanding at December 31, 2016	3,206,916		$	4.33		5.80	$	2,966,028
Vested at December 31, 2016	2,044,104		$	4.05		4.29	$	1,295,727
Exercisable at December 31, 2016	2,044,104		$	4.05		4.29	$	1,295,727
Outstanding at December 31, 2016	3,206,916		$	4.33		5.80	$	2,966,028
Options granted	500,000		1.01			8.12	363,089
Options exercised	—		—			0.00	—
Options cancelled/forfeited/expired	(526,499	)	(14.00		)	0.00	(30,921		)
Outstanding at December 31, 2017	3,180,417		$	2.21		4.62	$	3,298,196
Vested at December 31, 2017	1,959,167		$	2.55		4.45	$	1,885,850
Exercisable at December 31, 2017	1,959,167		$	2.55		4.45	$	1,885,850

Schedule of Stock Warrant Activity

A summary of the Company’s stock warrant activity and related information for the years ended December 31, 2017 and 2016 is as follows:

WARRANTS ISSUED AND OTHER THAN SERIES B AND B1 PREFERRED STOCK:	Warrants	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
Outstanding at December 31, 2015	219,868	$	3.01	4.00	$	140,249
Warrants granted	—	$	—	—	$	—
Warrants exercised	—	—		—	—
Warrants canceled/forfeited/expired	—	—		—	—
Warrants at December 31, 2016	219,868	$	3.01	3.00	$	140,249
Vested at December 31, 2016	219,868	$	3.01	3.00	$	140,249
Exercisable at December 31, 2016	219,868	$	3.01	3.00	$	140,249
Outstanding at December 31, 2016	219,868	$	3.01	3.00	$	140,249
Warrants granted	—	$	—	—	$	—
Warrants exercised	—	—		—	—
Warrants canceled/forfeited/expired	—	—		—	—
Warrants at December 31, 2017	219,868	$	3.01	2.00	$	140,249
Vested at December 31, 2017	219,868	$	3.01	2.00	$	140,249
Exercisable at December 31, 2017	219,868	$	3.01	2.00	$	140,249

Schedule of Assumptions Used in Option and Warrant Valuations

The following table summarizes the assumptions used in assessing the above described option and warrant valuations: 

	YEAR ENDED DECEMBER 31, 2017	YEAR ENDED DECEMBER 31, 2016
Expected volatility	78-79%	78-79%
Expected dividends	—%	—%
Expected term (in years)	5-10	5-10
Risk-free rate	2.20-2.40%	.91-1.57%