PRIVATE PLACEMENT FINANCING 2016 (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | ||
---|---|---|---|---|
May 26, 2016 |
May 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Registration Rights Agreement [Member] | ||||
Private Placement [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 16,482,082 | |||
Investor's Subscription Agreement [Member] | ||||
Private Placement [Line Items] | ||||
Percentage of shares Purchased by Investors | 75.00% | |||
Series E Warrant [Member] | ||||
Private Placement [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 7,063,748 | 15,000 | 175,000 | |
Terms Of Warrants | i) at any time during the term of the Series E Warrants, we may reduce the then-current exercise price to any amount and for any period of time deemed appropriate by our Board of Directors (the “ Board “); and (ii) certain of the Series E Warrants provide that they shall not be exercisable in the event and to the extent that the exercise thereof would result in the holder of the Series E Warrant, together with its affiliates and any other persons whose beneficial ownership of Common Stock would be aggregated with the holder’s, would be deemed to beneficially own more than 4.99% of the Common Stock; provided, however , the holder, upon notice to us, may increase or decrease the ownership limitation, provided that any increase is limited to a maximum of 9.99% of the Company’s Common Stock, and any increase in the ownership limitation will not become effective until the 61 st day after delivery of such notice. | |||
Proceeds from Issuance of Common Stock | $ 6,570 | $ 76,650 | ||
Common Stock, Capital Shares Reserved for Future Issuance | 4,214,582 | |||
Private Placement 2016 [Member] | ||||
Private Placement [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 9,418,334 | 9,418,334 | ||
Share Price | $ 0.36 | |||
Proceeds from Issuance of Common Stock | $ 3,390,600 | |||
Private Placement 2016 [Member] | Maxim Group LLC [Member] | ||||
Private Placement [Line Items] | ||||
Underwriting Fees, Percentage | 8.20% | |||
Proceeds from Issuance of Common Stock | $ 2,084,000 | |||
Payments of Stock Issuance Costs | $ 170,888 | |||
Private Placement 2016 [Member] | Series E Warrant [Member] | ||||
Private Placement [Line Items] | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 0.75 | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.4380 | |||
Payments of Stock Issuance Costs | $ 281,000 | |||
Stock Issued During Period, Value, New Issues | $ 3,400,000 |