COMMMITMENTS (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
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Jul. 31, 2016 |
Jan. 31, 2016 |
Jun. 30, 2014 |
Nov. 01, 2013 |
Sep. 30, 2016 |
Sep. 30, 2016 |
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Commitments and Officer Loans [Line Items] | ||||||
Increase Decrease In Lease Rental Expense | $ 14,200 | |||||
Security Deposit | $ 300,000 | $ 300,000 | ||||
Lessor Leasing Arrangements, Operating Leases, Term of Contract | 7 years | |||||
Operating Leases, Rent Expense, Net, Total | $ 2,287 | $ 12,723 | ||||
Security Deposits Reduced By Straight Line Basis Description | This deposit was reduced by $100,000 in 2015 and $100,000 in June 2016, down to $100,000. | |||||
Revenue Recognition, Milestone Fee On Achieving Sales Threshold | $ 100,000 | |||||
Leveraged Lease Investment | $ 50,000 | 50,000 | ||||
Other Commitment | $ 262,324 | |||||
Other Commitments, Description | The term of this agreement is 10 months, ending May 30, 2017. Monthly payments including interest at 3.25% are $23,962. | |||||
Series A Preferred Stock [Member] | ||||||
Commitments and Officer Loans [Line Items] | ||||||
Preferred Stock, Profit Sharing Agreement Terms | (i) 4.5% of Net Sales (as defined in the Certificate of Designation) from MAT 2203 and/or MAT 2501, subject in all cases to a cap of $25 million per calendar year, and (ii) 7.5% of Licensing Proceeds (as defined in the Certificate of Designations) from MAT2203 and/or MAT2501, subject in all cases to a cap of $10 million per calendar year | |||||
Minimum [Member] | ||||||
Commitments and Officer Loans [Line Items] | ||||||
License Costs | 10,000 | |||||
Maximum [Member] | ||||||
Commitments and Officer Loans [Line Items] | ||||||
License Costs | $ 50,000 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Represents the amount increased rent expenses incurred for leased assets for the during period. No definition available.
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- Definition This element represents the description of terms on profit sharing agreement with preferred stock holders. No definition available.
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- Definition The amount of one time fee incurred on achieving the sales target under the milestone method. No definition available.
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- Definition Description of security deposits reduced by straight line basis by annually. No definition available.
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- Definition Term of the lessor's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Carrying amount as of the balance sheet date of leveraged lease investments which represent the aggregate amount of the estimated residual value of the lease assets and lease payments receivables, net of unearned and deferred income to be allocated over the lease term and non-recourse debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. No definition available.
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- Definition Description of the nature and terms of commitment. No definition available.
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- Definition The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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