CONVERTIBLE PREFERRED STOCK AND WARRANTS - NARRATIVE (Details) - USD ($)
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12 Months Ended |
Mar. 31, 2014 |
Jan. 10, 2014 |
Dec. 13, 2013 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Class of Stock [Line Items] |
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| Aggregate gross proceeds from issuance of stock |
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$ 7,000,000
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| Preferred stock, shares authorized |
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10,000,000
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| Payments of stock issuance costs |
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1,060,520
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| Payments of stock issuance costs as well as other costs incurred during the process |
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$ 622,145
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| Percent of purchase price paid for payments of stock issuance costs |
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6.00%
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| Other cash fees incurred related to offering |
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$ 202,145
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| Threshold period for liquidation damages, continuous (in days) |
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30 days
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| Threshold period for liquidation damages, cumulative (in days) |
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60 days
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| Threshold period for liquidation damages (in months) |
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12 months
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| Threshold period for liquidation damages, percent of aggregate purchase price, initial period (as a percent) |
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1.00%
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| Threshold period for liquidation damages, percent of aggregate purchase price, subsequent period (as a percent) |
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1.00%
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| Additional accretion of convertible preferred stock and warrants |
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$ 221,902
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| Series A preferred stock |
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$ 0
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0
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| Number of shares called by warrants repurchased during the period (in shares) |
142,857
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| Repurchase of warrants |
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$ 0
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$ 0
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$ 420,000
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| Maximum |
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| Class of Stock [Line Items] |
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| Threshold period for liquidation damages, percent of aggregate purchase price, maximum (as a percent) |
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10.00%
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| Warrant |
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| Class of Stock [Line Items] |
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| Expected dividend rate (as a percent) |
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0.00%
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0.00%
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| Expected volatility rate (as a percent) |
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82.47%
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48.75%
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| Fair value of placement agent warrants |
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438,375
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| Risk free interest rate (as a percent) |
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1.47%
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| Expected term (in years) |
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2 years 6 months
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| Investor Warrant |
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| Class of Stock [Line Items] |
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| Aggregate gross proceeds from issuance of stock |
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$ 4,383,750
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| Number of securities called by warrants |
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5,250,000
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| Warrants, exercise price (in dollars per share) |
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$ 2.387
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| Payments of stock issuance costs |
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$ 664,151
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| Placement Agent Warrant |
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| Class of Stock [Line Items] |
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| Number of securities called by warrants |
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525,000
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94,375
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| Payments of stock issuance costs |
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$ 420,000
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| Placement Agent Warrant | Warrant |
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| Class of Stock [Line Items] |
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| Fair value of placement agent warrants |
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$ 203,000
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$ 267,000
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| Series A Preferred Stock |
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| Class of Stock [Line Items] |
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| Aggregate gross proceeds from issuance of stock |
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$ 2,616,250
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| Preferred stock, shares authorized |
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3,500,000
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3,500,000
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| Preferred stock, par value (in dollars per share) |
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$ 2.00
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$ 0.001
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$ 0.001
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| Conversion ratio |
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1
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| Preferred stock, dividend rate (as a percent) |
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6.00%
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6.00%
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6.00%
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| Payments of stock issuance costs |
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$ 396,369
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| Redemption value accretion period (in years) |
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4 years
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