SENIOR DEBT (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
Oct. 28, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2015 |
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| Proceeds from Lines of Credit | $ 8,000,000 | $ 8,000,000 | $ 8,000,000 | |
| Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||
| Escrow Deposit | $ 3,000,000 | |||
| Debt Instrument, Payment Terms | 2 | |||
| Amortization of Debt Discount (Premium) | 72,876 | $ 0 | ||
| Additional Paid-in Capital [Member] | ||||
| Senior Credit Facility Valuation Discount | $ 437,380 | |||
| Payment in Kind (PIK) Note [Member] | ||||
| Debt Instrument, Interest Rate, Stated Percentage | 4.00% | |||
| Senior Notes [Member] | ||||
| Debt Instrument, Payment Terms | October 2011 and January 2012 | October 2011 and January 2012 | ||
| Amortization of Debt Discount (Premium) | $ 36,448 | |||
| Debt Instrument, Unamortized Discount | $ 400,932 | $ 0 | ||
| Series D Convertible Preferred Stock [Member] | ||||
| Series D Preferred Stock Issued Shares To Lenders | 163,441 | |||
| Series F Convertible Preferred Stock [Member] | ||||
| Series F Preferred Stock Issued Shares To Lenders | 391,903 | |||
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- Definition Senior credit facility valuation discount. No definition available.
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- Definition Number of series D Preferred stock issued during the period for notes payable. No definition available.
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- Definition Number of series F Preferred stock issued during the period for notes payable. No definition available.
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the payment terms of the debt instrument (for example, whether periodic payments include principal and frequency of payments) and discussion about any contingencies associated with the payment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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