Transition report pursuant to Rule 13a-10 or 15d-10

WARRANTS (Details 3)

v3.5.0.1
WARRANTS (Details 3) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Number of Warrants 17,900,288    
Warrant One [Member]      
Number of Warrants 7,735,750 7,735,750  
Expected life in years   4 years  
Exercise Price   $ 1.4  
Risk free rate   0.44%  
Dividend rate   0.00%  
Expected volatility   51.83%  
Grant date fair value   $ 464,784  
Warrant Two [Member]      
Number of Warrants 773,575 773,575  
Expected life in years   4 years  
Exercise Price   $ 0.8  
Risk free rate   0.44%  
Dividend rate   0.00%  
Expected volatility   51.83%  
Grant date fair value   $ 85,590  
Warrant Three [Member]      
Number of Warrants 1,212,500 1,212,500  
Expected life in years   3 years 11 months 1 day  
Exercise Price   $ 1.4  
Risk free rate   0.43%  
Dividend rate   0.00%  
Expected volatility   52.37%  
Grant date fair value   $ 950,913  
Warrant Four [Member]      
Number of Warrants 121,250 121,250  
Expected life in years   3 years 11 months 1 day  
Exercise Price   $ 0.8  
Risk free rate   0.43%  
Dividend rate   0.00%  
Expected volatility   52.37%  
Grant date fair value   $ 85,412  
Warrant Five [Member]      
Number of Warrants 891,250 891,250  
Expected life in years   3 years 10 months 28 days  
Exercise Price   $ 1.4  
Risk free rate   0.41%  
Dividend rate   0.00%  
Expected volatility   52.45%  
Grant date fair value   $ 696,582  
Warrant Six [Member]      
Number of Warrants 89,125 89,125  
Expected life in years   3 years 10 months 28 days  
Exercise Price   $ 0.8  
Risk free rate   0.41%  
Dividend rate   0.00%  
Expected volatility   52.45%  
Grant date fair value   $ 62,708  
Warrant Seven [Member]      
Number of Warrants 3,115,000 3,115,000  
Expected life in years   3 years 10 months 6 days  
Exercise Price   $ 1.4  
Risk free rate   0.68%  
Dividend rate   0.00%  
Expected volatility   51.54%  
Grant date fair value   $ 2,371,956  
Warrant Eight [Member]      
Number of Warrants 311,500 311,500  
Expected life in years   3 years 10 months 6 days  
Exercise Price   $ 0.8  
Risk free rate   0.68%  
Dividend rate   0.00%  
Expected volatility   51.54%  
Grant date fair value   $ 216,766  
Warrant Nine [Member]      
Number of Warrants 1,418,750 1,418,750  
Expected life in years   3 years 9 months 4 days  
Exercise Price   $ 1.4  
Risk free rate   0.46%  
Dividend rate   0.00%  
Expected volatility   51.74%  
Grant date fair value   $ 933,065  
Warrant Ten [Member]      
Number of Warrants 141,875 141,875  
Expected life in years   3 years 9 months 4 days  
Exercise Price   $ 0.8  
Risk free rate   0.46%  
Dividend rate   0.00%  
Expected volatility   51.74%  
Grant date fair value   $ 92,108  
Warrant Eleven [Member]      
Number of Warrants 2,035,000 2,035,000  
Expected life in years   3 years 7 months 28 days  
Exercise Price   $ 1.4  
Risk free rate   0.37%  
Dividend rate   0.00%  
Expected volatility   52.94%  
Grant date fair value   $ 1,356,512  
Warrant Twelve [Member]      
Number of Warrants 54,713 203,500  
Expected life in years   3 years 7 months 28 days  
Exercise Price   $ 0.8  
Risk free rate   0.37%  
Dividend rate   0.00%  
Expected volatility   52.94%  
Grant date fair value   $ 134,457  
Classes of Warrants 1 [Member]      
Number of Warrants 16,408,250 16,408,250 9,839,500
Expected life in years 2 years 10 months 28 days 3 years 1 month 28 days 3 years 10 months 28 days
Exercise Price $ 1.4 $ 1.4 $ 1.4
Risk free rate 0.21% 0.65% 0.41%
Dividend rate 0.00% 0.00% 0.00%
Expected volatility 62.96% 53.58% 52.45%
Grant date fair value $ 4,585,539 $ 5,315,536 $ 7,690,340
Classes Of Warrants 2 [Member]      
Number of Warrants 1,492,038 1,640,825 983,950
Expected life in years 2 years 10 months 28 days 3 years 1 month 28 days 3 years 10 months 28 days
Exercise Price $ 0.8 $ 0.8 $ 0.8
Risk free rate 0.21% 0.65% 0.41%
Dividend rate 0.00% 0.00% 0.00%
Expected volatility 62.96% 53.58% 52.45%
Grant date fair value $ 550,451 $ 752,333 $ 692,308