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STOCK-BASED COMPENSATION PLANS (Details 1)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
$ / shares
shares
Summary of stock option activity under the option Plan  
Shares Under Option, Outstanding at January 1, 2017 | shares 2,190,250
Shares under Option, Granted | shares 165,000
Shares under Option, Exercised | shares 0
Shares Under Option, Forfeited | shares (11,500)
Shares Under Option, Outstanding at March 31, 2017 | shares 2,343,750
Shares Under Option, Exercisable at March 31, 2017 | shares 1,693,295
Weighted Average Exercise Price, Outstanding at January 1, 2017 | $ / shares $ 0.4
Weighted Average Exercise Price, Granted | $ / shares 0.21
Weighted Average Exercise Price, Exercised | $ / shares 0
Weighted Average Exercise Price, Forfeited | $ / shares 0.21
Weighted Average Exercise Price, Outstanding at March 31, 2017 | $ / shares 0.39
Weighted Average Exercise Price, Exercisable at March 31, 2017 | $ / shares $ 0.43
Weighted Average Remaining Contractual Life, Outstanding at March 31, 2017 6 years 7 months 6 days
Weighted Average Remaining Contractual Life, Exercisable at March 31, 2017 5 years 10 months 24 days
Aggregate Intrinsic Value, Outstanding at March 31, 2017 | $ $ 155,146
Aggregate Intrinsic Value, Exercisable at March 31, 2017 | $ $ 121,466