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LOSS PER SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Class of Stock [Line Items]        
Loss for the period $ (1,588,998) $ (1,666,806) $ (2,815,762) $ (3,201,337)
Cash dividend     (9,453)  
Loss for the period attributable to common stockholders $ (1,745,387) $ (1,795,886) $ (3,099,671) $ (3,434,168)
Number of shares:        
Common shares used in computing Basic income (loss) per share 5,742,468 5,441,253 5,716,566 5,382,682
Common shares used in computing Diluted income (loss) per share 5,742,468 5,441,253 5,716,566 5,382,682
Total weighted average number of common shares related to outstanding convertible preferred stock, options and warrants excluded from the calculations of diluted loss per share [1] 12,210,613 9,537,309 11,220,345 9,367,247
Series A Preferred Stock [Member]        
Class of Stock [Line Items]        
Cash dividend $ (4,753) $ (26,522) $ (9,453) $ (47,036)
Series B Preferred Stock [Member]        
Class of Stock [Line Items]        
Stock dividend (131,281) (102,558) (254,101) (185,795)
Series C 5.5% Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Stock dividend $ (20,355) $ (20,355)
[1] All outstanding convertible Preferred Stock, stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was anti-dilutive.