9 Meters Biopharma (NMTRQ) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	Monster Digital, Inc.
Entity Central Index Key	1,551,986
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	MSDI
Entity Common Stock, Shares Outstanding		7,339,050

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 152	$ 119
Accounts receivable, net of allowances of $99 and $218, respectively	1,038	644
Inventories	1,029	633
Prepaid expenses and other	54	141
Total current assets	2,273	1,537
Trademark, net of amortization of $54 and $119, respectively	2,483	2,548
Deferred IPO costs	1,154	619
Deposits and other assets	14	14
Total assets	5,924	4,718
Current liabilities
Line of credit	322	215
Accounts payable	1,466	1,021
Accrued expenses	3,628	3,311
Customer refund	1,825	1,850
Due to related parties	534	510
Notes payable	4,392	3,505
Total current liabilities	12,167	10,412
Commitments and contingencies
Shareholders’ deficit
Preferred stock; 10,000,000 shares authorized; 0 and 2,802,430 shares issued and outstanding, respectively	0	0
Common stock; $.0001 par value; 100,000,000 shares authorized; 3,702,865 and 3,750,000 shares issued and outstanding, respectively	0	0
Additional paid-in capital	22,753	20,181
Accumulated deficit	(28,996)	(25,875)
Total shareholders’ deficit	(6,243)	(5,694)
Total liabilities and shareholders’ deficit	$ 5,924	$ 4,718

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts Receivable, Current	$ 218	$ 99
Finite-Lived Intangible Assets, Accumulated Amortization	$ 119	$ 54
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	2,802,430	0
Preferred Stock, Shares Outstanding	2,802,430	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	3,750,000	3,702,865
Common Stock, Shares, Outstanding	3,750,000	3,702,865

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue	$ 1,683	$ 1,334	$ 2,220	$ 2,718
Cost of goods sold	1,253	1,248	1,743	2,457
Gross Profit	430	86	477	261
Operating expenses
Research and development	65	119	114	246
Selling and marketing	591	532	1,227	1,389
General and administrative	675	492	1,470	1,375
Total operating expenses	1,331	1,143	2,811	3,010
Operating loss	(901)	(1,057)	(2,334)	(2,749)
Other expense, net
Interest and finance expense	339	99	787	630
Debt conversion expense	0	0	0	898
Total other expenses	339	99	787	1,528
Loss before income taxes	(1,240)	(1,156)	(3,121)	(4,277)
Provision for income taxes	0	0	0	0
Net Loss	$ (1,240)	$ (1,156)	$ (3,121)	$ (4,277)
Loss Per Share
Basic and Diluted	$ (0.33)	$ (0.38)	$ (0.83)	$ (1.42)
Number of Shares used in Computation
Basic and Diluted	3,750	3,076	3,749	3,013

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' DEFICIT - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance December 31, 2015 at Dec. 31, 2015	$ (5,694)	$ 0	$ 0	$ 20,181	$ (25,875)
Balance December 31, 2015 (in share) at Dec. 31, 2015		3,702,865	0
Issuance of Preferred Stock	2,393	$ 0	$ 0	2,393	0
Issuance of Preferred Stock (in share)		0	2,802,430
Issuance of Common Stock	$ 0		$ 0	0	0
Issuance of Common Stock (in share)	0	47,135	0
Amortization of non-cash stock-based compensation	$ 179	$ 0	$ 0	179	0
Net loss	(3,121)	0	0	0	(3,121)
Balance June 30, 2016 at Jun. 30, 2016	$ (6,243)	$ 0	$ 0	$ 22,753	$ (28,996)
Balance June 30, 2016 (in share) at Jun. 30, 2016		3,750,000	2,802,430

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net loss	$ (3,121)	$ (4,277)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	179	54
Amortization of deferred debt issuance costs and debt discount	691	463
Amortization of trademark	65	0
Debt conversion expense	0	898
Accrued interest on debt converted to equity	0	12
Provision for doubtful accounts	119	107
Changes in operating assets and liabilities:
Accounts receivable	(513)	2,998
Inventories	(396)	(1,202)
Prepaid expenses and other	87	(180)
Other assets	0	8
Accounts payable	445	1,453
Accrued expenses	317	(466)
Customer deposits	(25)	0
Due to related party	0	(28)
Net cash used in operating activities	(2,152)	(160)
Cash flows from financing activities
Proceeds from issuance of preferred stock, net	2,393	0
Private placement offering	0	3,116
Private placement issuance costs	0	(479)
Short-term loan - related party, net	24	(151)
Prepaid IPO costs	(613)	0
Proceeds from issuance of bridge financing	406	0
Proceeds from issuance of convertible debt and warrants	0	1,645
Proceeds from credit facility	581	4,330
Payments on credit facility	(474)	(7,868)
Payments on trademark note payable	(75)
Deferred financing costs	(57)	(424)
Net cash provided by financing activities	2,185	169
Net increase in cash	33	9
Cash, beginning of the period	119	97
Cash, end of the period	152	106
Cash paid during the period for:
Interest	29	142
Non-cash investing and financing activities:
Deferred IPO costs	356	91
Exchange of debt for equity	$ 0	$ 2,272

BUSINESS ACTIVITY AND SUMMARY O

BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 1 — BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Public Offering 9,132,750 2,025,000 4.50 2,025,000 0.01 99,000 218,000 Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. All stock purchase warrants (see Note 5) are valued under methods of fair value under the Level 3 tier, as described above. The carrying amount for other financial instruments, which include cash, accounts receivable, accounts payable, and line of credit, approximate fair value based upon their short term nature and maturity. Revenue is reduced by reserves for price protection, sales returns, allowances and rebates. Our reserve estimates are based upon historical data as well as projections of sales, customer inventories, market conditions and current contractual sales terms. If the Company reduces the list price of its products, certain customers may receive a credit from the Company (i.e. price protection). The Company estimates the impact of such pricing changes on a regular basis and adjusts its allowances accordingly. Amounts charged to operations for price protection are calculated based on actual price changes on individual products and customer inventory levels. The reserve is then reduced by actual credits given to these customers at the time the credits are issued. We calculate the allowance for doubtful accounts and provision for sales returns and rebates based on management’s estimate of the amount expected to be uncollectible or returned on specific accounts. We provide for future returns, price protection and rebates at the time the products are sold. We calculate an estimate of future returns of product by analyzing units shipped, units returned and point of sale data to ascertain consumer purchases and inventory remaining with retail to establish anticipated returns. Price protection is calculated on a product by product basis. The objective of price protection is to mitigate returns by providing retailers with credits to ensure maximum consumer sales. Price protection is granted to retailers after they have presented the Company an affidavit of existing inventory. The Company also offers market development credits (“MDF credits”) to certain of its customers. These credits are also charged against revenue. Shipping and Handling Costs 59,000 77,000 94,000 The Company uses a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more likely than not to be realized upon settlement. As of December 31, 2015 and June 30, 2016, there are no known uncertain tax positions. The Company policy is to classify the liability for unrecognized tax benefits as current to the extent that it is more likely than not to be realized upon settlement and to the extent that the Company anticipates payment (or receipt) of cash within one year. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in the tax provision. 234,000 242,000 325,093 19,528 2,802,430 38,000 Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements — Going Concern In April 2015, the FASB issued ASU 2015-03, Interest — Imputation of Interest In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or not significant to the consolidated financial statements of the Company.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2016
Going Concern [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 2 — GOING CONCERN As of June 30, 2016, the Company has negative working capital of approximately $ 9.9 6.2 29 • Subsequent to June 30, 2016, the Company received gross proceeds of approximately $ 9.1 • In order to meet customers’ needs for consumer products, the Company is continuing to develop new products to complement existing products and expand overall product offerings, with the objective of increasing revenue and gross profit percentages. The Company will be introducing additional new action sports cameras in 2016. While the Company believes it will be successful in obtaining the necessary financing to fund its operations, there are no assurances that such additional funding will be achieved and that it will succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts of liabilities that might be necessary should the Company be unable to continue in existence.

DEBT AND EQUITY FINANCING

DEBT AND EQUITY FINANCING	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 3 — DEBT AND EQUITY FINANCING Credit Facility In June 2015, the Company secured an accounts receivable financing facility with Bay View Funding. The contract provides for maximum funding of $ 4 factoring fee of 1.35% for the first 30 days and .45% for each 10-day period thereafter that the financed receivable remains outstanding. 215,000 322,000 Debt to Equity Exchange Offer In December 2014, the Company extended an offer to its convertible Note holders for the exchange of convertible Notes, accrued interest and common stock purchase warrants into common stock. In the offer, the conversion rate on the principal amount of the Notes was reduced from $ 22.27 14.85 As further inducement to the offer, for the new shares issued in connection with the exchange offer, the Company’s principal shareholder agreed to put back to the Company an equal number of shares owned by him (to a maximum of 336,682 Through December 31, 2014, a total of $ 3,428,000 5,870,000 1,645,000 898,000 158,265 38,000 Promissory notes From October through March 7, 2016, the Company issued promissory notes; the notes are due and payable at the earlier of one year from the date of issuance or the closing date of the Company’s initial public offering, bear an interest rate of 15 756,000 176,000 364,000 3.0 3.4 Subsequent to June 30, 2016, the Company completed the Offering whereby 90 3,024,000 672,000 672,000 4.50 15 22.5 336,000 Due to Monster, Inc In addition to the issuance of shares of common stock and common stock purchase warrants (see Note 5), the Company has agreed to pay Monster, Inc. $ 500,000 125,000 50,000 125,000 Notes payable consists of the following (in thousands): December 31, June 30, Note payable, convertible debt $ 38 $ 38 Due to Monster, Inc. 450 375 Interest and loan origination fee accrued related to promissory notes payable and accrued at issuance 1,108 1,260 Promissory notes payable, 2015 bridge loans, net debt discount of $563 and $290 respectively, and net of debt issuance cost of $483 and $351, respectively 1,909 2,719 Total $ 3,505 $ 4,392

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 4 — ACCRUED EXPENSES Accrued expenses consist of the following (in thousands): December 31, June 30, Royalties $ 103 $ 236 Market development credits 336 179 Price protection 563 380 Return reserves 891 826 Accrued purchase orders 123 652 Others 1,295 1,355 Total $ 3,311 $ 3,628

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5 — STOCKHOLDERS’ EQUITY Common Stock Purchase Warrants 99,681 In August, 2015, the Company issued 191,289 156,000 325,093 The Company utilizes the Black-Scholes valuation method to value warrants. The expected life represents the period that these warrants are expected to be outstanding. The expected volatility was estimated by analyzing the historic volatility of similar public companies. No dividend payouts were assumed as the Company has not historically paid, and is not anticipating to pay, dividends in the foreseeable future. The risk-free rate of return reflects the interest rate offered for US treasury rates over the expected life of the warrants. Fair value of warrants issued $ .89 Expected term (years) 5.0 Risk-free interest rate 1.60 % Volatility 45.4 % Dividend yield None Common stock purchase rights offering 108,138 44.55 78,800 236,403 2,969,000 Reverse stock split Restricted Shares 84,170 41,000 68,000 137,000 382,575 The fair value of the 382,575 shares approximating $ 2,103,000 5.49 Preferred Stock 3,000,000 1.00 8 2,802,430 2.4 Subsequent to June 30, 2016 the Company completed the Offering in which all shares of Series A Preferred Stock was converted into 622,762 4.50

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 6 — STOCK OPTIONS In 2012, the Company’s Board of Directors approved the 2012 Omnibus Incentive Plan (the “Plan”) which allows for the granting of stock options, stock appreciation rights, awards of restricted stock and restricted stock Units, stock bonuses and other cash and stock-based performance awards. A total of 101,005 269,345 370,350 71,040 51,512 On December 23, 2015, the Company authorized restricted stock grants under its 2012 Omnibus Incentive Plan of 13,467 33,668 22,000 44,000 216,000 30 Also granted on the effective date of the Offering were previously approved options to acquire 16,834 33,668 The Company follows the provision of the ASC Topic 718, Compensations – Stock Compensation Option Date Options Exercise Estimated Intrinsic May 2015 71,040 $ 29.71 $ 5.79 None The Company’s Board of Directors granted options for 71,040 In regards to the valuation of the Company’s common stock, the Board of Directors engaged an independent third party valuation of the Company. Factors included in the valuation included the Company’s present value of future cash flows, its capital structure, valuation of comparable companies, its existing licensing agreements and the growth prospects for its product line. These factors were incorporated into an income approach and a market approach in order to derive an overall valuation of the Company’s common stock of $ 5.79 The Company utilizes the Black-Scholes valuation method to value stock options and recognizes compensation expense over the vesting period. The expected life represents the period that the Company’s stock-based compensation awards are expected to be outstanding. The Company uses a simplified method provided in Securities and Exchange Commission release Staff Accounting Bulletin No. 110 which averages an awards weighted average vesting period and contractual term for “plain vanilla” share options. The expected volatility was estimated by analyzing the historic volatility of similar public companies. No dividend payouts were assumed as the Company has not historically paid, and is not anticipating to pay, dividends in the foreseeable future. The risk-free rate of return reflects the weighted average interest rate offered for U.S. treasury rates over the expected life of the options. Weighted average fair value of options granted $ 0.45 Expected term (years)2 6.0 to 6.25 Risk-free interest rate 1.89 % Volatility 45.4 % Dividend yield None The Company recorded non-cash stock-based compensation related to stock options of $ 13,000 1,000 1,000 22 Number of Weighted Weighted Aggregate Options outstanding January 1, 2016 71,040 $ 29.71 9.50 $ — Granted — — — — Forfeited 51,512 — — — Outstanding at June 30, 2016 19,528 $ 29.71 9.00 $ —

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 7 — RELATED PARTY TRANSACTIONS Borrowings 24,000 In September 2015 David Clarke, the Company’s Chairman of the Board and a significant stockholder of the Company, loaned the Company $ 100,000 5 33,333 4.50 December 31, June 30, Tandon Enterprises, Inc. $ 322 $ 346 SDJ Partners LLC 88 88 Shareholders/Officers 100 100 Total $ 510 $ 534

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 8 — INCOME TAXES For the six months ended June 30, 2015 and 2016, there was no income tax provision recorded. The Company’s income tax provision generally consists of state income taxes currently paid or payable. The ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Due to the uncertainty surrounding the realization of these deferred tax assets, the Company has recorded a 100 The effective income tax benefit as a percentage of pre-tax loss differs from expected combined federal and state income tax of 40 Management is not aware of any uncertain tax positions and does not expect the total amount of recognized tax benefits to change significantly in the next twelve months.

CUSTOMER AND VENDOR CONCENTRATI

CUSTOMER AND VENDOR CONCENTRATIONS	6 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 9 — CUSTOMER AND VENDOR CONCENTRATIONS Customers Approximately 41% and 18% of the Company’s gross sales were made to two customers for the six months ended June 30, 2015. Approximately 45% of the Company’s gross sales were made to one customer for the six months ended June 30, 2016. At June 30, 2016, the amount included in outstanding accounts receivable related to this customer was approximately $817,000. Vendors Approximately 78% of the Company’s purchases were provided by three vendors for the six months ended June 30, 2015. Approximately 94% of the Company’s purchases were provided by three vendors for the six months ended June 30, 2016. At June 30, 2016, the amount in accounts payable related to these vendors was $33,000.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 10 — COMMITMENTS AND CONTINGENCIES Royalty The Company entered into the initial trademark license agreement with Monster, Inc. (formerly Monster Cable Products, Inc.) effective July 7, 2010. In 2012, the agreement was amended giving the Company exclusive rights to utilize the name “Monster Digital” on memory products for a period of 25 July 7, 2035 th The royalty schedule became effective in August 2011 and was further amended in April 2012. As amended, royalties under this contract are as follows: • Years 1 (2012) and 2: Royalties on all sales excluding sales to Monster, Inc. at a rate of four (4) percent, with no minimum. • Years 3 through 6: Minimum royalty payments of $ 50,000 • Years 7 through 10: Minimum royalty payments of $ 125,000 • Years 11 through 15: Minimum royalty payments of $ 187,500 • Years 16 through 25: Minimum royalty payments of $ 250,000 Effective July 1, 2014, the royalty rate on certain products was reduced from 4 2 For the three months ended June 30, 2015 and 2016, royalty expense amounted to approximately $ 46,000 71,000 68,000 121,000 Operating Lease The Company occupies executive offices in Simi Valley, CA pursuant to a lease through January 31, 2018 13,850 Customer payment agreement In July 2015, the Company entered into an agreement with a customer under which the Company will pay the customer a total of $ 835,000 65,000 65,000 445,000 Legal matters The Company is subject to certain legal proceedings and claims arising in connection with the normal course of its business. In the opinion of management, the reserve established for the three cases noted below is adequate so that the claims will have no material adverse effect on its consolidated financial position, results of operations or cash flows. On March 9, 2015, Memphis Electronics, Inc. (“MEI”) filed a complaint against SDJ and our company, case no. 4:15-cv-1104; in U.S. District Court for the Southern District of Texas. The complaint alleged breach of contract and tort for an alleged order or orders for computer components. Plaintiff’s claims are based in contract and tort (negligent and intentional misrepresentations) relating to nonpayment of approximately $ 275,000 170,000 On August 18, 2015, Phison Electronics Corp. (“Phison”) filed a complaint against SDJ, case no. 115 CV284516, in California Superior Court in Santa Clara County. The complaint alleged breach of contract and breach of implied covenant of good faith and fair dealing resulting in claimed damages of approximately $ 585,000 On August 28, 2015, Unigen Corporation (“Unigen”) filed a complaint against SDJ, case no. HG15-78385, in California Superior Court in Alameda County. The complaint alleged breach of contract for an alleged order or orders for 219,200 180,000 678,669 35,000 On February 16, 2016, we received a letter from GoPro, Inc., or GoPro, alleging that we infringe on at least five U.S. patents held by GoPro, and requesting that confirm in writing that we will permanently cease the sale and distribution of our Villain camera, along with any camera accessories, including the waterproof camera case and standard housing. The five patents specifically identified by GoPro in the letter were U.S. Patent No. D710,921: camera housing design, U.S. Patent No. D702,747: camera housing design, U.S. Patent No. D740,875: camera housing design, U.S. Patent No. D737,879: camera design and U.S. Patent No. 721,935: camera design. Based upon our preliminary review of these patents, we believe we have some defenses to GoPro’s allegations. Our outside counsel has been in discussion with GoPro’s outside counsel and has forwarded them material which we believe supports defense to these allegations, all in an effort to move the matter to resolution. As of yet, there is no final resolution to this matter. Although there can be no assurance that we will be successful in defending against these allegations or reaching a business resolution that is satisfactory to us. The supplier of our Villain camera has contractually represented and warranted that it owns or has paid royalties to any and all intellectual property, designs, software, hardware, packaging, components, manuals and any other portion, part or element that is or may be subject to the Villain and the parts and accessories thereof sourced by the supplier. This supplier has contractually agreed to pay any claims, damages, or costs that we suffer as a result of the patent infringement or a violation of international, U.S. or state laws or regulations as detailed in the prior sentence.

BUSINESS ACTIVITY AND SUMMARY17

BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Public Offering [Policy Text Block]	Public Offering 9,132,750 2,025,000 4.50 2,025,000 0.01
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Cash
Receivables, Policy [Policy Text Block]	Accounts Receivable 99,000 218,000
Inventory, Policy [Policy Text Block]	Inventories
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. All stock purchase warrants (see Note 5) are valued under methods of fair value under the Level 3 tier, as described above. The carrying amount for other financial instruments, which include cash, accounts receivable, accounts payable, and line of credit, approximate fair value based upon their short term nature and maturity.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue is reduced by reserves for price protection, sales returns, allowances and rebates. Our reserve estimates are based upon historical data as well as projections of sales, customer inventories, market conditions and current contractual sales terms. If the Company reduces the list price of its products, certain customers may receive a credit from the Company (i.e. price protection). The Company estimates the impact of such pricing changes on a regular basis and adjusts its allowances accordingly. Amounts charged to operations for price protection are calculated based on actual price changes on individual products and customer inventory levels. The reserve is then reduced by actual credits given to these customers at the time the credits are issued. We calculate the allowance for doubtful accounts and provision for sales returns and rebates based on management’s estimate of the amount expected to be uncollectible or returned on specific accounts. We provide for future returns, price protection and rebates at the time the products are sold. We calculate an estimate of future returns of product by analyzing units shipped, units returned and point of sale data to ascertain consumer purchases and inventory remaining with retail to establish anticipated returns. Price protection is calculated on a product by product basis. The objective of price protection is to mitigate returns by providing retailers with credits to ensure maximum consumer sales. Price protection is granted to retailers after they have presented the Company an affidavit of existing inventory. The Company also offers market development credits (“MDF credits”) to certain of its customers. These credits are also charged against revenue.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs 59,000 77,000 94,000
Income Tax, Policy [Policy Text Block]	Income Taxes The Company uses a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more likely than not to be realized upon settlement. As of December 31, 2015 and June 30, 2016, there are no known uncertain tax positions. The Company policy is to classify the liability for unrecognized tax benefits as current to the extent that it is more likely than not to be realized upon settlement and to the extent that the Company anticipates payment (or receipt) of cash within one year. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in the tax provision.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	Product Warranty 234,000 242,000
Research and Development Expense, Policy [Policy Text Block]	Research and Development
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) per Share 325,093 19,528 2,802,430 38,000
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements — Going Concern In April 2015, the FASB issued ASU 2015-03, Interest — Imputation of Interest In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or not significant to the consolidated financial statements of the Company.

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued expenses consist of the following (in thousands): December 31, June 30, Royalties $ 103 $ 236 Market development credits 336 179 Price protection 563 380 Return reserves 891 826 Accrued purchase orders 123 652 Others 1,295 1,355 Total $ 3,311 $ 3,628

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	A summary of significant assumptions used to estimate the fair value of the warrants issued in August 2015 are as follows: Fair value of warrants issued $ .89 Expected term (years) 5.0 Risk-free interest rate 1.60 % Volatility 45.4 % Dividend yield None

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity [Table Text Block]	No options were granted in the six months ended June 30, 2016. In 2015, the following stock option grants were made: Option Date Options Exercise Estimated Intrinsic May 2015 71,040 $ 29.71 $ 5.79 None A summary of option activity for the Plan as of June 30, 2016 and changes for the six months then ended are represented as follows: Number of Weighted Weighted Aggregate Options outstanding January 1, 2016 71,040 $ 29.71 9.50 $ — Granted — — — — Forfeited 51,512 — — — Outstanding at June 30, 2016 19,528 $ 29.71 9.00 $ —
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	A summary of significant assumptions used to estimate the fair value of the stock options granted in 2015 are as follows: Weighted average fair value of options granted $ 0.45 Expected term (years)2 6.0 to 6.25 Risk-free interest rate 1.89 % Volatility 45.4 % Dividend yield None

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Due to related parties consists of the following at December 31, 2015 and June 30, 2016 (in thousands): December 31, June 30, Tandon Enterprises, Inc. $ 322 $ 346 SDJ Partners LLC 88 88 Shareholders/Officers 100 100 Total $ 510 $ 534

BUSINESS ACTIVITY AND SUMMARY22

BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 13, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jul. 31, 2016	Dec. 31, 2015
Significant Accounting Policies Disclosure [Line Items]
Proceeds from Issuance Initial Public Offering				$ 9,100,000
Stock Issued During Period, Shares, New Issues				0
Allowance for Doubtful Accounts Receivable		$ 218,000		$ 218,000			$ 99,000
Shipping, Handling and Transportation Costs		77,000	$ 59,000	$ 94,000	$ 94,000
Extended Product Warranty Period Minimum				three years
Extended Product Warranty Period Maximum				five years
Extended Product Warranty Accrual, Current		$ 242,000		$ 242,000			$ 234,000
Convertible Notes Payable [Member]
Significant Accounting Policies Disclosure [Line Items]
Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Shares				38,000
Common Stock [Member]
Significant Accounting Policies Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues				47,135
Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Shares				19,528
Warrant [Member]
Significant Accounting Policies Disclosure [Line Items]
Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Shares				325,093
Preferred Stock [Member]
Significant Accounting Policies Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues				0
Antidilutive Securities Excluded From Computation Of Net Income Per Outstanding Unit Shares				2,802,430
Subsequent Event [Member]
Significant Accounting Policies Disclosure [Line Items]
Proceeds from Issuance Initial Public Offering	$ 9,132,750
Stock Issued During Period, Shares, New Issues	2,025,000
Shares Issued, Price Per Share	$ 4.50					$ 4.50
Warrants Issued During Period Value	$ 2,025,000
Warrants Issued Price Per Share	$ 0.01

GOING CONCERN (Details Textual)

GOING CONCERN (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Going Concern [Line Items]
Working Capital	$ 9.9
Capital Deficit	6.2
Accumulated Other Comprehensive Income (Loss), Net of Tax	29
Proceeds from Issuance Initial Public Offering	$ 9.1

DEBT AND EQUITY FINANCING (Deta

DEBT AND EQUITY FINANCING (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Note payable, convertible debt	$ 38	$ 38
Due to Monster, Inc.	375	450
Interest and loan origination fee accrued related to promissory notes payable and accrued at issuance	1,260	1,108
Promissory notes payable, 2015 bridge loans, net debt discount of $563 and $290 respectively, and net of debt issuance cost of $483 and $351, respectively	2,719	1,909
Total	$ 4,392	$ 3,505

DEBT AND EQUITY FINANCING (De25

DEBT AND EQUITY FINANCING (Details Textual)	1 Months Ended				3 Months Ended		5 Months Ended	6 Months Ended		12 Months Ended
	Jul. 13, 2016USD ($)$ / sharesshares	Jan. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2015USD ($)shares	Mar. 07, 2016$ / shares	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)$ / sharesshares	Jul. 31, 2016$ / shares
Short-term Debt [Line Items]
Notes Payable, Current			$ 3,505,000		$ 4,392,000			$ 4,392,000		$ 3,505,000
Debt Instrument, Interest Rate, Stated Percentage							15.00%
Loan Processing Fee Each Dollar | $ / shares							$ 0.225
Amortization of Debt Issuance Costs and Discounts								691,000	$ 463,000
Debt Conversion, Converted Instrument, Amount								0	2,272,000
Bridge Loan			563,000		290,000			290,000		563,000
Unamortized Debt Issuance Expense			483,000		351,000			351,000		483,000
Notes Payable			3,000,000		3,400,000			3,400,000		3,000,000
Subsequent Event [Member]
Short-term Debt [Line Items]
Shares Issued, Price Per Share | $ / shares	$ 4.50											$ 4.50
Trade Names [Member]
Short-term Debt [Line Items]
Payments to Acquire Intangible Assets		$ 50,000	125,000							500,000
Convertible Notes Payable [Member]
Short-term Debt [Line Items]
Convertible Notes Payable Conversion Price Current Rate | $ / shares											$ 22.27
Convertible Notes Payable Conversion Price Reduced Rate | $ / shares											$ 14.85
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | shares											0.07
Number Of Warrants Called By Each Securities | shares											0.13
Debt Instrument, Convertible, Number of Equity Instruments											336,682
Debt Conversion, Original Debt, Amount											$ 3,428,000
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature											$ 5,870,000
Proceeds from Convertible Debt									1,645,000
Payments of Debt Issuance Costs						$ 898,000
Debt Conversion, Converted Instrument, Shares Issued | shares						158,265
Notes Payable, Current			38,000		38,000			38,000		38,000
Loans Payable [Member]
Short-term Debt [Line Items]
Loan Processing Fee								756,000
Amortization of Debt Issuance Costs and Discounts					176,000			364,000
Loans Payable [Member] | Subsequent Event [Member]
Short-term Debt [Line Items]
Debt Conversion, Converted Instrument, Shares Issued | shares	672,000
Percentage of Outstanding Promissory Notes	90.00%
Debt Conversion, Converted Instrument, Amount	$ 3,024,000
Shares Issued, Price Per Share | $ / shares	$ 4.50
Conversion of Debt, Percentage of Accrued Interest Waived	15.00%
Origination of Loan to Purchase Common Stock	$ 336,000
Conversion of Debt, Percentage of Origination Fees Waived	22.50%
Debt Conversion, Converted Instrument, Warrants or Options Issued | shares	672,000
Bay View Funding [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 4,000,000					$ 4,000,000
Line of Credit Facility, Commitment Fee Description				factoring fee of 1.35% for the first 30 days and .45% for each 10-day period thereafter that the financed receivable remains outstanding.
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				1.35%
Line of Credit Facility, Fair Value of Amount Outstanding			$ 215,000		$ 322,000			$ 322,000		$ 215,000

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule Of Accrued Liabilities [Line Items]
Royalties	$ 236	$ 103
Market development credits	179	336
Price protection	380	563
Return reserves	826	891
Accrued purchase orders	652	123
Others	1,355	1,295
Total	$ 3,628	$ 3,311

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - Warrant [Member]	6 Months Ended
	Jun. 30, 2016$ / shares
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value of warrants issued	$ 0.89
Expected term (years)	5 years
Risk-free interest rate	1.60%
Volatility	45.40%
Dividend yield	0.00%

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)

Jun. 06, 2016

Jan. 07, 2016

Jul. 13, 2016

Jun. 23, 2016

Nov. 30, 2015

Aug. 31, 2015

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2016

Sep. 30, 2015

Jun. 30, 2015

Jul. 31, 2016

Dec. 31, 2015

Apr. 30, 2015

Class of Stock [Line Items]

Warrant Cancelled During Period

99,681

Stock Issued During Period, Shares, New Issues

0

Stockholders' Equity, Reverse Stock Split

one-for-1.2578616

one-for-11.138103 reverse stock split

one-for-1.06

one-for-five and one-for-twelve

Restricted Stock or Unit Expense

$ 22,000

$ 44,000

$ 13,000

Convertible Preferred Stock, Terms of Conversion

purchase price of $1.00 per share and convertible into one share of the Company’s common stock and having an 8%, noncumulative dividend.

Proceeds from Issuance of Private Placement

0

3,116,000

Subsequent Event [Member]

Class of Stock [Line Items]

Warrants Issued During Period Value

$ 2,025,000

Stock Issued During Period, Shares, New Issues

2,025,000

Shares Issued, Price Per Share

$ 4.50

$ 4.50

Convertible Preferred Stock Warrants Issued upon Conversion

622,762

Series A Preferred Stock [Member]

Class of Stock [Line Items]

Sale of Stock, Price Per Share

$ 1

Convertible Preferred Stock, Shares Issued upon Conversion

3,000,000

Preferred Stock, Dividend Rate, Percentage

0.00%

Sale of Stock, Number of Shares Issued in Transaction

2,802,430

Proceeds from Issuance of Private Placement

$ 2,400,000

Series A Preferred Stock [Member] | Subsequent Event [Member]

Class of Stock [Line Items]

Convertible Preferred Stock, Shares Issued upon Conversion

622,762

Shares Issued, Price Per Share

$ 4.50

Trademark License Agreement [Member]

Class of Stock [Line Items]

Sale of Stock, Price Per Share

$ 5.49

Stock Issued During Period, Shares, Restricted Stock Award, Gross

382,575

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ 2,103,000

Board of Directors Chairman [Member]

Class of Stock [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross

84,170

Restricted Stock or Unit Expense

$ 68,000

$ 137,000

$ 41,000

Common Stock Purchase Rights Offering [Member]

Class of Stock [Line Items]

Common Unit, Issued

78,800

108,138

Sale of Stock, Price Per Share

$ 44.55

Stock Issued During Period, Shares, New Issues

236,403

Proceeds from Issuance of Common Stock

$ 2,969,000

Chief Executive Officer [Member]

Class of Stock [Line Items]

Warrants Issued During Period Value

$ 191,289

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

156,000

Class of Warrant or Right, Outstanding

325,093

325,093

325,093

Unexercised Warrant Expiry Period

2016 to 2019

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	May 31, 2015	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	71,040	19,528	71,040	71,040	19,528	71,040
Exercise Price	$ 29.71	$ 29.71	$ 29.71	$ 29.71	$ 29.71	$ 29.71
Estimated Fair Value of Underlying Stock	$ 5.79			$ 0.45
Number of Options outstanding, Beginning			71,040
Number of Options, Granted	71,040		0
Number of Options, Forfeited		51,512	51,512
Number of Options outstanding, Ending	71,040	19,528	19,528	71,040
Weighted Average Exercise Price, Beginning			$ 29.71
Weighted Average Exercise Price, Granted			0
Weighted Average Exercise Price, Forfeited			0
Weighted Average Exercise Price, Ending	$ 29.71	$ 29.71	$ 29.71	$ 29.71
Weighted Average Remaining Contract Term			9 years	9 years 6 months
Aggregate Intrinsic Value End of the Period					$ 0	$ 0

STOCK OPTIONS (Details 1)

STOCK OPTIONS (Details 1) - $ / shares	1 Months Ended	12 Months Ended
	May 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of options granted	$ 5.79	$ 0.45
Risk-free interest rate		1.89%
Volatility		45.40%
Dividend yield		0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		6 years 3 months
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)		6 years

STOCK OPTIONS (Details Textual)

STOCK OPTIONS (Details Textual) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended		12 Months Ended
	Nov. 30, 2015	May 31, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	370,350						101,005
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	269,345
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		71,040	19,528	19,528		71,040
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			51,512	51,512
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 1,000	$ 1,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				22 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 5.79				$ 0.45
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		71,040		0
Restricted Stock or Unit Expense			22,000	$ 44,000	$ 13,000
Stock or Unit Option Plan Expense				$ 1,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 0
David Olert [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures			$ 25,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			16,834
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 4.50
Vivek Tondon [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures			$ 25,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			18,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 4.50
Marc Matejka [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures			$ 25,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			18,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 4.50
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures			$ 10,000
Neal Bobrick [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			33,668
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 4.50
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 216,000	$ 216,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				30 months
President and Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures				$ 13,467

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 534	$ 510
Tandon Enterprises, Inc. [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	346	322
SDJ Partners LLC [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	88	88
Shareholders/Officers [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 100	$ 100

RELATED PARTY TRANSACTIONS (D33

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Jul. 31, 2016	Sep. 30, 2015	Jun. 30, 2016	Jun. 30, 2016	Jul. 13, 2016	Mar. 07, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						15.00%
Due to Related Parties, Current			$ 534,000	$ 534,000			$ 510,000
Subsequent Event [Member]
Related Party Transaction [Line Items]
Shares Issued, Price Per Share	$ 4.50				$ 4.50
Tandon Enterprises, Inc. [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt				24,000
Debt Conversion, Converted Instrument, Warrants or Options Issued			76,911
Due to Related Parties, Current			$ 346,000	$ 346,000			$ 322,000
Debt Conversion, Converted Instrument, Shares Issued				76,911
President and Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Proceeds from Related Party Debt		$ 100,000
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Conversion, Converted Instrument, Warrants or Options Issued	33,333
Due to Related Parties, Current			$ 50,000	$ 50,000
Debt Conversion, Converted Instrument, Shares Issued	33,333

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual)	1 Months Ended
	Jun. 30, 2016
Income Taxes [Line Items]
Deferred Tax Assets Valuation Allowance Percentage	100.00%
Operating Loss Carryforwards, Expiration Period	Net operating loss carryforwards expire between the years 2029 and 2035.
Effective Income Tax Rate Reconciliation, Percent	40.00%

CUSTOMER AND VENDOR CONCENTRA35

CUSTOMER AND VENDOR CONCENTRATIONS (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Concentration Risk [Line Items]
Accounts Payable, Current	$ 1,466,000		$ 1,021,000
Accounts Receivable, Net, Current	1,038,000		$ 644,000
Customer One And Two [Member]
Concentration Risk [Line Items]
Accounts Receivable, Net, Current	817,000
Three Vendors [Member]
Concentration Risk [Line Items]
Accounts Payable, Current	$ 33,000
Three Vendors [Member] | Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	94.00%	78.00%
Sales Revenue, Net [Member] | Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	45.00%	41.00%
Sales Revenue, Net [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		18.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual)

Mar. 09, 2015USD ($)

Aug. 31, 2016USD ($)

Aug. 31, 2015USD ($)

Aug. 28, 2015USD ($)

Aug. 18, 2015USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015USD ($)

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2012USD ($)

Dec. 31, 2015USD ($)

Jul. 31, 2015USD ($)

Commitments And Contingencies [Line Items]

Minimum royalty payments, Years Three through Six

$ 50,000

Minimum royalty payments, Years Seven through Ten

125,000

Minimum royalty payments, Eleven through Fifteen

187,500

Minimum royalty payments, Years Sixteen through Twenty-five

$ 250,000

Royalty rate

2.00%

4.00%

Monthly Commitment Amount

$ 65,000

Cost Of Parts

$ 678,669

Incidental Expenses

$ 35,000

Royalty Expense

$ 71,000

$ 46,000

$ 121,000

$ 68,000

Operating Lease, Monthly Rental Payments

13,850

Other Commitment

$ 835,000

Accounts Payable, Current

1,466,000

$ 1,466,000

$ 1,021,000

Other Commitments, Description

Under the terms of the agreement, there is no interest and the Company will make 12 monthly payments of $65,000 beginning in August 2015, and one final payment of $65,000 in August 2016.

Lessee Leasing Arrangements Operating Leases Date

Jan. 31, 2018

Number of specially constructed computer components

219,200

Scenario, Forecast [Member]

Commitments And Contingencies [Line Items]

Monthly Commitment Amount

$ 65,000

Memphis Electronics, Inc. [Member]

Commitments And Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 275,000

Litigation Settlement, Amount

$ 170,000

Phison Electronics Corp. [Member]

Commitments And Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 585,000

Unigen Corporation [Member]

Commitments And Contingencies [Line Items]

Loss Contingency, Damages Sought, Value

$ 180,000

Other Commitments [Member]

Commitments And Contingencies [Line Items]

Accounts Payable, Current

$ 445,000

$ 445,000

Trademarks [Member]

Commitments And Contingencies [Line Items]

Finite Lived Intangible Asset Expiration Date

Jul. 7, 2035

Finite-Lived Intangible Asset, Useful Life

25 years