COMMITMENTS (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Dec. 15, 2016 |
Sep. 12, 2016 |
Jun. 30, 2014 |
Nov. 01, 2013 |
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
Nov. 10, 2016 |
Feb. 18, 2016 |
|
| Commitments and Officer Loans [Line Items] | ||||||||||
| Increase Decrease In Lease Rental Expense | $ 64,000 | $ 14,200 | ||||||||
| Lessor Leasing Arrangements, Operating Leases, Term of Contract | 10 years | 7 years | ||||||||
| Operating Leases, Rent Expense, Net, Total | $ 43,000 | $ 12,723 | $ 73,000 | $ 62,000 | $ 176,000 | $ 125,000 | ||||
| Revenue Recognition, Milestone Fee On Achieving Sales Threshold | 100,000 | |||||||||
| Estimated Service Cost | 1,400,000 | 1,400,000 | ||||||||
| Lease Rental Payment | $ 6,400,000 | |||||||||
| Series A Preferred Stock [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| Accrued Royalties | $ 35,000,000 | |||||||||
| Preferred Stock Profit Sharing Agreement Terms | to (i) 4.5% of Net Sales (as defined in the Certificate of Designations), 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), subject in all cases to a cap of $10 million per calendar year. The Royalty Payment Rights will expire when the patents covering the applicable product expire, which is currently expected to be in 2033. | |||||||||
| Research and Development Agreement [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| Other Commitment | $ 132,568 | $ 200,000 | ||||||||
| office lease [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| Security Deposit | 300,000 | $ 300,000 | ||||||||
| Security Deposits Reduced By Straight Line Basis Description | This deposit was reduced by $100,000 in 2016 and 2015 and can be reduced down to $50,000 in 2017, as long as the Company makes timely rental payments. | |||||||||
| laboratory and facility [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| Security Deposit | $ 586,000 | $ 586,000 | ||||||||
| Security Deposits Reduced By Straight Line Basis Description | This security deposit can be reduced $100,000 on each of the first three anniversaries of the rent commencement date. On the fourth anniversary, it can be reduced another $86,000, with the balance over the remaining life of the lease | |||||||||
| Minimum [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| License Costs | $ 10,000 | |||||||||
| Maximum [Member] | ||||||||||
| Commitments and Officer Loans [Line Items] | ||||||||||
| License Costs | $ 50,000 | |||||||||