Annual report pursuant to Section 13 and 15(d)

LIQUIDITY (Details Textual)

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LIQUIDITY (Details Textual) - USD ($)
 1 Months Ended 12 Months Ended
Nov. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Liquidity [Line Items]      
Utilized Term Loan And Line of Credit   $ 8,000,000  
Term Loan and Line of Credit   10,000,000  
Issuance of preferred stock, net of fees and expenses   $ 4,679,196 $ 16,284,568
Line of Credit Facility, Expiration Date   Sep. 01, 2018 Nov. 30, 2015
Term Loan Expiration Date   Sep. 01, 2019  
Net (Loss) Attributable to Common Shareholders   $ (4,687,378) $ (4,509,250)
Net cash used in operating activities   $ (1,882,781) $ (2,700,189)
Series A Preferred Stock [Member]      
Liquidity [Line Items]      
Issuance of preferred stock, net of fees and expenses $ 4,700,000