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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Changes in Fair Value of Level 3 Liability) (Details) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Accounting Policies [Abstract]    
Balance, Beginning of the period $ 321,695 $ 2,057,618
Exchange of Series A Warrants pursuant to the 'most favored nation' provision (1,014,471)
Change in fair value of Series A Warrants $ (43,510) (65,770)
Balance, End of period $ 278,185 $ 977,377