CONVERTIBLE NOTES PAYABLE (Details 2) (USD $)
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7 Months Ended | 9 Months Ended | |
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Aug. 02, 2013
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Sep. 30, 2014
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Dec. 31, 2013
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Debt Instrument, Redemption [Line Items] | |||
Common stock closing price | $ 2.65 | ||
Convertible Notes Payable [Member]
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Debt Instrument, Redemption [Line Items] | |||
Common stock closing price | $ 4.15 | $ 2.07 | $ 3.37 |
Conversion per share price | $ 3.73 | $ 1.84 | $ 4.71 |
Conversion shares | 804,764 | 1,632,387 | |
Expected life (in years) | 3 years | 1 year 9 months 18 days | |
Expected volatility | 109.55% | 64.60% | |
Call option value | $ 2.82 | $ 0.79 | |
Risk-free interest rate | 0.59% | 0.58% | |
Dividends | 0.00% | 0.00% |
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- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Price of a single share of a number of saleable stocks of a company. No definition available.
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