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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of components of income before taxes

For financial reporting purposes, income before taxes includes the following components:

		2017				2016				2015
United States		$	(76,925,380	)		$	(89,875,459	)		$	(85,077,024	)
Total		$	(76,925,380	)		$	(89,875,459	)		$	(85,077,024	)

Schedule of tax rate reconciliation

A reconciliation between taxes computed at the federal statutory rate and the consolidated effective tax rate is as follows:

		2017				2016				2015
Federal statutory tax rate			34.0	%			34.0	%			34.0	%
State tax rate, net of federal tax benefit			5.0	%			5.4	%			4.73	%
Adjustment in valuation allowances			22.6	%			(40.3	)%			(38.97	)%
Federal income tax rate change			(60.8	)%			—	%			—	%
Permanent and other differences			(0.8	)%			0.9	%			0.24	%
(Provision) benefit for income taxes			—	%			—	%			—	%

Schedule of components of the net deferred income tax asset

The components of the net deferred income tax asset as of December 31, 2017, 2016, and 2015 are as follows:

		2017				2016				2015
Deferred Income Tax Assets:
Net operating losses		$	99,596,321			$	111,730,450			$	79,499,633
R&D Credit			186,347				186,347				186,347
Total deferred income tax asset			99,782,668				111,916,797				79,685,980
Valuation allowance			(99,782,668	)			(111,916,797	)			(79,685,980	)
Deferred income tax assets, net		$	—			$	—			$	—

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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