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WARRANTS (Tables) | 12 Months Ended
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Dec. 31, 2016
WARRANTS |
Schedule of assumptions used to estimate the fair value of the Warrants |
|  | At October 26, 2015 |  | At December 11, 2015 |  | At December 31, 2016
Exercise price |  | $ | 24.48 |  | $ | 28.08 |  | $24.48 ~ $28.08
Risk-free interest rate |  |  | 0.672 | % |  | 0.935 | % | 0.850% ~ 0.875%
Dividend yield |  |  | — |  |  | — |  | —
Time to maturity |  |  | 2 |  |  | 2 |  | 0.82 ~ 0.94
Expected volatility |  |  | 67.24 | % |  | 65.13 | % | 53.99% ~ 59.21%
Schedule of reconciliation of the beginning and ending balances of the Warrants measured at fair value on a recurring basis using Level 2 inputs |
Derivative Liabilities |  | At December 31, 2016 |
|  | $ |
Beginning balance |  |  | 25,265 |
Warrants issued |  |  | — |
Fair value change of the Warrants included in earnings |  |  | (24,554 | )
​ | ​ | ​ | ​ | ​
Ending balance |  |  | 711 |
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