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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Changes in Fair Value of Level 3 Liability) (Details) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Accounting Policies [Abstract]    
Balance, Beginning of the period $ 321,695 $ 2,057,618
Warrants issued as consideration for placement services 282,221
Amount classified out of stockholders deficit and presented as Warrants with Down-Round Protection 341,662
Exchange of Series A Warrants pursuant to the 'most favored nation' provision (1,586,831)
Change in fair value Warrants with Down-Round Protection (110,498) (119,148)
Balance, End of period $ 835,080 $ 351,639