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COMMON STOCK, PREFERRED STOCK AND WARRANTS WITH-DOWN ROUND PROTECTION (Changes in Fair Value of Level 3 Liability) (Details) - USD ($) | 12 Months Ended
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Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' DEFICIT |  |  |
Balance, Beginning of the year | $ 321,695 | $ 2,057,618 |
Warrants issued as consideration for placement services | 308,239 |  | $ 630,936
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 of Warrants with Down-Round Protection | (289,626) | (149,092) |
Balance, End of year | $ 681,970 | $ 321,695 | $ 2,057,618

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