FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) |
12 Months Ended | |||||
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Dec. 31, 2014 |
Dec. 31, 2013 |
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| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
| Fair value measurement at beginning of year | [1] | $ 1,349,308 | ||||
| Promissory notes issued during the year | 0 | $ 1,225,000 | ||||
| Fair value measurement at end of year | [1] | 644,974 | 1,349,308 | |||
| Fair Value, Inputs, Level 3 [Member] | ||||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
| Fair value measurement at beginning of year | 1,349,308 | [1] | 1,038,431 | |||
| Promissory notes issued during the year | 565,280 | 1,225,000 | ||||
| Repayment of notes payable | (1,217,886) | (889,262) | ||||
| Changes in fair values | (51,728) | (24,861) | ||||
| Fair value measurement at end of year | [1] | $ 644,974 | $ 1,349,308 | |||
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The value of an asset or business acquired in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of notes payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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