WARRANTS LIABILITY, AT FAIR VALUE (Details Textual) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Proceeds from Issuance of Warrants | $ 244,446 | $ 168,035 | $ 0 |
Fair Value Assumptions, Expected Term | 3 years | ||
Fair Value Assumptions, Expected Volatility Rate | 100.00% | ||
Fair Value Assumptions, Risk Free Interest Rate | 1.00% | ||
Changes in fair value of warrants liability | $ (117,577) | (35,188) | $ 0 |
Derivative Liability, Noncurrent | $ 259,716 | $ 132,847 | |
Warrant [Member] | |||
Stock Issued During Period, Shares, New Issues | 4,518,406 | 3,106,000 | |
Fair Value Assumptions, Expected Term | 1 year 10 months 20 days | 2 years 4 months 24 days | |
Fair Value Assumptions, Expected Volatility Rate | 100.00% | 100.00% | |
Fair Value Assumptions, Risk Free Interest Rate | 1.00% | 1.00% |
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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