Going Concern and Management's Plans (Details Narrative) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
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Cash and cash equivalents | $ 189,231 | $ 1,627,062 | $ 7,837,339 |
Working capital deficiency | 14,437,434 | ||
Accumulated deficit | 73,372,655 | 64,738,131 | |
Net loss | 8,244,924 | $ 23,229,319 | |
March 11, 2016 [Member] | Securities Purchase Agreements [Member] | |||
Aggregate equity financing | 3,000,000 | ||
Payment of closing amount | 750,000 | ||
Milestone payable amount | 2,250,000 | ||
Payment of securities purchase amount | 1,367,120 | ||
June, 2016 [Member] | Sixty-Day Convertible Notes [Member] | |||
Debt principal amount | 400,000 | ||
July, 2016 [Member] | Sixty-Day Convertible Notes [Member] | |||
Debt principal amount | $ 400,000 |
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- Definition Milestone payable amount. No definition available.
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- Definition Payment of closing amount. No definition available.
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- Definition Working Capital Deficit. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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