Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE (Details)

v3.7.0.1
NET LOSS PER SHARE (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Numerator        
Net loss $ 2,241,489 $ 1,722,383 $ 3,945,043 $ 4,049,923
Deemed dividend attributable to preferred stock (2,568,132)   (2,568,132)  
Net loss attributable to common shareholders $ 4,809,621 $ 1,722,383 $ 6,513,175 $ 4,049,923
Denominator        
Weighted average common shares outstanding 7,476,046 2,587,871 5,641,671 2,485,853
Basic and diluted net loss per share $ 0.64 $ 0.67 $ 1.15 $ 1.63