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PREFERRED STOCK TRANSACTION (Details) - USD ($) |  | 12 Months Ended
--- | --- | ---
Nov. 30, 2015 | Dec. 31, 2017 | Dec. 31, 2015
Common stock fair value in excess carrying value |  | $ 606,240 |
Excess Dividend arrearage waived |  |  | $ 182,877
Deemed capital contribution on extinguishment of preferred stock |  |  | $ 2,305,678
Series IV, Class B |  |  |
Number of common stock exchanged for convertible preferred stock | 728,000 |  |
Number of shares converted | $ 200,000 |  |
Preferred stock dividend in arrears | $ 3,094,795 | 6,141,118 |
Future dividend requirements avoided as a result of conversion of shares |  | $ 200,000 |
Common Stock |  |  |
Number of common stock exchanged for convertible preferred stock |  | 2,644,464 |
Common Stock | Fair Value |  |  |
Shareholders equity fair value disclosure |  | $ 2,606,240 |
Preferred Stock | Carrying Value |  |  |
Shareholders equity fair value disclosure |  | $ 2,000,000 |

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