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NET LOSS PER SHARE (RESTATED) (Tables) | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Schedule of restatement of Companys financial statements | The following table shows the effect of the restatement on the Company’s financial statements for the year ended December 31, 2016:
|  | Year Ended December 31, 2016 |
|  | As Previously Reported |  |  | Restated |
Weighted average common shares outstanding used to compute net loss per share, basic and diluted |  |  | 2,277,775 |  |  |  | 2,947,282 |
Net loss per share of common stock, basic and diluted: |  |  |  |  |  |  |  |
Net loss per share from continuing operations |  | $ | (2.80 | ) |  | $ | (2.16 | )
Net loss per share |  | $ | (2.80 | ) |  | $ | (2.16 | )
Schedule of earnings per share | The following table sets forth the calculation of basic and diluted net loss per share for the years ended December 31, 2016 and 2015:
|  | Year Ended December 31, |
|  | 2016 (restated) |  |  | 2015 |
Numerator |  |  |  |  |  |  |  |
Net loss from continuing operations |  | $ | (6,368,885 | ) |  | $ | (12,758,187 | )
Net loss from discontinued operations |  |  | - |  |  |  | (3,002,136 | )
Net Loss |  | $ | (6,368,885 | ) |  | $ | (15,760,323 | )
Denominator |  |  |  |  |  |  |  |
Weighted average common shares outstanding used to compute net loss per share, basic and diluted |  |  | 2,947,282 |  |  |  | 1,895,168 |
Net loss per share of common stock, basic and diluted: |  |  |  |  |  |  |  |
Net loss per share from continuing operations |  | $ | (2.16 | ) |  | $ | (6.73 | )
Net loss per share from discontinued operations |  |  | - |  |  |  | (1.58 | )
Net loss per share |  | $ | (2.16 | ) |  | $ | (8.31 | )
Schedule of antidilutive securities | The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the years ended December 31, 2016 and 2015 because the effect of them would be anti-dilutive:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |
Options to purchase common stock |  |  | 378,924 |  |  |  | 240,930 |
Warrants to purchase common stock |  |  | 402,228 |  |  |  | 402,228 |
Total |  |  | 781,152 |  |  |  | 643,158

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations from continuing operations restated. + References No definition available. + Details
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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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