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INCOME TAX (Reconciliation of Statutory Tax Rate to the Effective Income Tax Rate) (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Tax Disclosure [Abstract]      
Pretax income (loss) $ (5,842,172) $ 2,980,426 $ (9,796,853)
Federal tax rate 35.00% 35.00% 35.00%
Tax expense reported in the financial statements:      
Income tax expenses (benefit) computed at the ordinary tax rate $ (1,986,338) $ 1,043,149 $ (3,428,899)
Non-deductible expenses 31,050 27,250 21,250
Stock-based compensation 4,503 14,415 10,570
Amortization of warrants with down round protection (50,691) $ (2,295,915) $ 2,324,760
Loss on partial extinguishment of Series A Preferred Stock and Series A Warrants 436,680
Tax in respect of differences in corporate tax rates 340,263 $ 278,466 $ 253,942
Losses and timing differences in respect of which no deferred taxes assets were recognized $ 1,224,533 $ 932,635 $ 818,377
Tax expense reported in the financial statements