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

(LOSS) PER SHARE (Details)

v3.5.0.1
(LOSS) PER SHARE (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Numerator              
Net income         $ 1,036,148    
Change in fair value of warrant derivative liability $ (870,913) $ 6,387,473 $ (7,419,643) $ 0 (7,742,555) $ (484,124) $ 6,387,473
Net (loss) used in computation of diluted EPS         $ (6,706,407)    
Denominator              
Basic weighted average number of shares outstanding 72,455,753     48,225,034 71,554,822 67,210,266 50,226,548
Warrants         8,429,435    
Diluted weighted average number of shares outstanding 72,455,753     48,225,034 79,984,257 67,210,266 50,226,548
Diluted loss per share $ (0.01)     $ (0.05) $ (0.08) $ (0.08) $ (0.20)