Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

v3.4.0.3
SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Significant Accounting Policies [Line Items]        
Working Capital Amount $ 26,700,000      
Depreciation, Depletion and Amortization, Nonproduction, Total 33,000 $ 22,000    
Amortization of Financing Costs $ 24,000      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance 56,250 42,000    
Cash and Cash Equivalents, at Carrying Value, Total $ 8,427,000 $ 58,181,000 $ 19,175,000 $ 38,184,000
Money Market Funds [Member]        
Significant Accounting Policies [Line Items]        
Cash and Cash Equivalents, at Carrying Value, Total $ 4,500,000      
Warrant [Member]        
Significant Accounting Policies [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1,729,217 1,731,217    
Equity Option [Member]        
Significant Accounting Policies [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 2,239,959 1,649,443