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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Jun. 30, 2015 - $ / shares | Total
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Common Stock [Member] |  |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] |  |
Share price | [1] | $ 2.31
Warrant [Member] |  |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] |  |
Dividend yield |  |
Expected volatility | [2] | 105.14%
Risk free interest rate |  | 1.01%
Expected term of options | [3] | 2 years 8 months 12 days
Exercise price |  | $ 5.80
Fair value |  | $ 1.00
[1] | The Common Stock price, per share, reflects the Company's management's estimation of the fair value per share of Common Stock as of June 30, 2015. In reaching its estimation, management considered, among other things, a valuation prepared by a third-party valuation firm following the issuance of the Series B Units.
[2] | Due to the low trading volume of the Company's Common Stock, the expected volatility was based on the historical volatility of the share price of other public companies that operate in the same industry sector as the Company.
[3] | Due to the fact that the Company does not have sufficient historical exercise data, the expected term was determined based on the "simplified method" in accordance with Staff Accounting Bulletin No. 110.

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