COMMITMENTS AND CONTINGENCIES - Senior Secured Term Notes (Details) - USD ($) |
12 Months Ended | |||
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Feb. 12, 2015 |
Jan. 29, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Debt | ||||
Warrant issued in conjunction with debt financing | $ 50 | $ 318,679 | ||
Fortress | ||||
Debt | ||||
Warrant term | 5 years | |||
Warrant to purchase (in shares) | 100,000 | |||
Exercise price (in dollars per share) | $ 7.44 | |||
Issue common stock (in shares) | 134,409 | |||
Additional amount | $ 5,000,000 | |||
Fortress | Warrants | ||||
Debt | ||||
Common Stock Percentage to trigger warrant exercise | 4.99 | |||
Warrant issued in conjunction with debt financing | $ 318,679 | |||
Senior Secured Notes | Fortress | ||||
Debt | ||||
Principal amount of debt | 15,000,000 | |||
Monetization net revenues | $ 15,000,000 | |||
Unamortized discount | $ 1,425,167 | $ 2,150,263 | ||
Initial Note | Fortress | ||||
Debt | ||||
Note term | 42 months | |||
Interest rate on paid-in-kind interest (as a percent) | 2.75% | |||
LIBOR | Initial Note | Fortress | ||||
Debt | ||||
Interest rate | LIBOR | |||
Spread (as a percent) | 9.75% |
X | ||||||||||
- Definition Represents additional debt instrument amount. No definition available.
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- Definition Amount of increase in additional paid in capital (APIC) resulting from the issuance of warrants for debt financing. No definition available.
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- Definition Contractual interest rate for interest to be paid-in-kind. No definition available.
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- Definition Represents information pertaining to monetization net revenues. No definition available.
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- Definition Represents the beneficial percentage of common stock owned that would trigger the holder to exercise warrants. No definition available.
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- Definition Represents information pertaining to warrants exercisable term. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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