SHARE BASED AWARDS, RESTRICTED STOCK AND RESTRICTED STOCK UNITS (RSU) (Details 1) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2016
Jun. 30, 2015
Total share based compensation $ 68,425 $ 644,523 $ 4,292,209
Restricted Stock [Member]      
Total share based compensation 390,000  
Restricted Stock Units (RSU's) [Member]      
Total share based compensation 38,144 192,192  
Stock Options [Member]      
Total share based compensation  
Common Stock [Member]      
Total share based compensation $ 30,281 $ 62,331