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LOSS PER SHARE (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Earnings Per Share [Abstract]        
Loss for the period $ (2,557,201) $ (1,588,998) $ (5,087,526) $ (2,815,762)
Cash dividend on Series A Preferred Stock (2,014) (4,753) (6,714) (9,453)
Stock dividend on Series B Preferred Stock (245,637) (131,281) (491,668) (254,101)
Stock dividend on Series C Preferred Stock (160,588) (20,355) (276,574) (20,355)
Loss for the period attributable to common stockholders $ (2,965,440) $ (1,745,387) $ (5,862,482) $ (3,099,671)
Number of shares:        
Common shares used in computing basic income (loss) per share 6,205,104 5,742,468 6,116,366 5,716,566
Common shares used in computing diluted income (loss) per share 6,205,104 5,742,468 6,116,366 5,716,566
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share (*) [1] 21,001,400 12,210,613 19,868,112 11,220,345
[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.