Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2018	Apr. 30, 2018
Document And Entity Information
Entity Registrant Name	TherapeuticsMD, Inc.
Entity Central Index Key	0000025743
Document Type	10-Q
Trading Symbol	TXMD
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		216,584,274
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash	$ 107,349,460	$ 127,135,628
Accounts receivable, net of allowance for doubtful accounts of $403,535 and $380,580, respectively	5,096,731	4,328,802
Inventory	1,620,872	1,485,358
Other current assets	5,098,132	6,604,284
Total current assets	119,165,195	139,554,072
Fixed assets, net	425,539	437,055
Other Assets:
Intangible assets, net	3,220,686	3,099,747
Security deposit	150,522	139,036
Total other assets	3,371,208	3,238,783
Total assets	122,961,942	143,229,910
Current Liabilities:
Accounts payable	6,283,824	4,097,600
Other current liabilities	9,375,818	9,223,595
Total current liabilities	15,659,642	13,321,195
Commitments and Contingencies - See Note 14
Stockholders' Equity:
Preferred stock - par value $0.001; 10,000,000 shares authorized; no shares issued and outstanding
Common stock - par value $0.001; 350,000,000 shares authorized: 216,584,274 and 216,429,642 issued and outstanding, respectively	216,584	216,430
Additional paid-in capital	518,146,665	516,351,405
Accumulated deficit	(411,060,949)	(386,659,120)
Total stockholders' equity	107,302,300	129,908,715
Total liabilities and stockholders' equity	$ 122,961,942	$ 143,229,910

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 403,535	$ 380,580
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	350,000,000	350,000,000
Common stock, issued	216,584,274	216,429,642
Common stock, outstanding	216,584,274	216,429,642

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenues, net	$ 3,773,392	$ 3,985,464
Cost of goods sold	633,623	659,635
Gross profit	3,139,769	3,325,829
Operating expenses:
Sales, general, and administrative	20,757,237	16,837,617
Research and development	7,039,297	7,724,840
Depreciation and amortization	59,621	49,699
Total operating expenses	27,856,155	24,612,156
Operating loss	(24,716,386)	(21,286,327)
Other income
Miscellaneous income	314,557	125,968
Accreted interest		3,867
Total other income	314,557	129,835
Loss before income taxes	(24,401,829)	(21,156,492)
Net loss	$ (24,401,829)	$ (21,156,492)
Loss per share, basic and diluted:
Net loss per share, basic and diluted (in dollars per share)	$ (0.11)	$ (0.11)
Weighted average number of common shares outstanding, basic and diluted (in shares)	216,525,316	197,790,040

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (24,401,829)	$ (21,156,492)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	38,424	33,600
Amortization of intangible assets	21,197	16,099
Provision for (recovery of) doubtful accounts	22,955	(1,603)
Share-based compensation	1,751,358	1,413,195
Changes in operating assets and liabilities:
Accounts receivable	(790,885)	580,943
Inventory	(135,514)	(262,297)
Other current assets	1,506,152	(253,518)
Accounts payable	2,186,224	(1,212,236)
Other current liabilities	152,223	316,638
Net cash used in operating activities	(19,649,695)	(20,525,671)
CASH FLOWS FROM INVESTING ACTIVITIES
Patent costs	(142,136)	(107,487)
Purchase of fixed assets	(26,908)	(27,834)
Payment of security deposit	(11,486)
Net cash used in investing activities	(180,530)	(135,321)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of options	44,057	192,310
Proceeds from exercise of warrants		2,460,000
Net cash provided by financing activities	44,057	2,652,310
Decrease in cash	(19,786,168)	(18,008,682)
Cash, beginning of period	127,135,628	131,534,101
Cash, end of period	$ 107,349,460	$ 113,525,419

THE COMPANY

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

THE COMPANY

NOTE 1 – THE COMPANY

TherapeuticsMD, Inc., a Nevada corporation, or TherapeuticsMD or the Company, has three wholly owned subsidiaries, vitaMedMD, LLC, a Delaware limited liability company, or VitaMed; BocaGreenMD, Inc., a Nevada corporation, or BocaGreen; and VitaCare Prescription Services, Inc., a Florida corporation, or VitaCare. Unless the context otherwise requires, TherapeuticsMD, VitaMed, BocaGreen, and VitaCare collectively are sometimes referred to as “our company,” “we,” “our,” or “us.”

Nature of Business

We are a women’s health care company focused on creating and commercializing products targeted exclusively for women. Currently, we are focused on pursuing the regulatory approvals and pre-commercialization activities necessary for commercialization of our advanced hormone therapy pharmaceutical products. Our drug candidates that have completed clinical trials are designed to alleviate the symptoms of and reduce the health risks resulting from menopause-related hormone deficiencies, including hot flashes, osteoporosis and vaginal discomfort. We are developing these hormone therapy drug candidates, which contain estradiol and progesterone alone or in combination, with the aim of demonstrating clinical efficacy at lower doses, thereby enabling an enhanced side effect profile compared with competing products. With our SYMBODA™ technology, we are developing advanced hormone therapy pharmaceutical products to enable delivery of bio-identical hormones through a variety of dosage forms and administration routes. In addition, we manufacture and distribute branded and generic prescription prenatal vitamins, as well as over-the-counter, or OTC, iron supplements, which we ceased manufacturing in October 2017.

BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

3 Months Ended

Mar. 31, 2018

Basis Of Presentation And Recently Issued Accounting Pronouncements

BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

NOTE 2 – BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Interim Financial Statements

The accompanying unaudited interim consolidated financial statements of TherapeuticsMD, Inc., which include our wholly owned subsidiaries, should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the Securities and Exchange Commission, or the SEC, from which we derived the accompanying consolidated balance sheet as of December 31, 2017. The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying unaudited interim consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. The accompanying unaudited interim consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, that are, in the opinion of our management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year or any other interim period in the future.

Recently Issued Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board, or FASB, issued an Accounting Standards Update, or ASU, 2016-02, Leases. This guidance requires lessees to record most leases on their balance sheets but recognize expenses on their income statements in a manner similar to current accounting. The guidance also eliminates current real estate-specific provisions for all entities. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The standard is effective for public business entities for annual periods beginning after December 15, 2018, and interim periods within those years. Early adoption is permitted for all entities. We are in the process of analyzing the quantitative impact of this guidance on our results of operations and financial position. While we are continuing to assess all potential impacts of the standard, we currently believe the impact of this standard will be primarily related to the accounting for our operating lease.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under previous guidance. This may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In July 2015, the FASB approved the proposal to defer the effective date of ASU 2014-09 standard by one year. Early adoption is permitted after December 15, 2016, and the standard is effective for public entities for annual reporting periods beginning after December 15, 2017 and interim periods therein. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations (ASU 2016-08), accounting for licenses of intellectual property and identifying performance obligations (ASU 2016-10), narrow-scope improvements and practical expedients (ASU 2016-12) and technical corrections and improvements to topic 606 (ASU 2016-20) in its new revenue standard. We adopted this standard under the modified retrospective method to all contracts not completed as of January 1, 2018 and the adoption did not have a material effect on our financial statements but we expanded our disclosures related to contracts with customers in Note 3.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Fair Value of Financial Instruments

Our financial instruments consist primarily of cash, accounts receivable, accounts payable and accrued expenses. The carrying amount of cash, accounts receivable, accounts payable and accrued expenses approximates their fair value because of the short-term maturity of such instruments, which are considered Level 1 assets under the fair value hierarchy.

We categorize our assets and liabilities that are valued at fair value on a recurring basis into a three-level fair value hierarchy as defined by Accounting Standards Codification, or ASC, 820, Fair Value Measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities (Level 1) and lowest priority to unobservable inputs (Level 3). Assets and liabilities recorded in the consolidated balance sheet at fair value are categorized based on a hierarchy of inputs, as follows:

Level 1

unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2

quoted prices for similar assets or liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and

Level 3

unobservable inputs for the asset or liability.

At March 31, 2018 and 2017, we had no assets or liabilities that were valued at fair value on a recurring basis.

The fair value of indefinite-lived assets or long-lived assets is measured on a non-recurring basis using significant unobservable inputs (Level 3) in connection with the Company’s impairment test. There was no impairment of intangible assets or long-lived assets during the three months ended March 31, 2018 and 2017.

Trade Accounts Receivable and Allowance for Doubtful Accounts

Trade accounts receivable are customer obligations due under normal trade terms. We review accounts receivable for uncollectible accounts and credit card charge-backs and provide an allowance for doubtful accounts, which is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. We consider trade accounts receivable past due for more than 90 days to be delinquent. We write off delinquent receivables against our allowance for doubtful accounts based on individual credit evaluations, the results of collection efforts, and specific circumstances of customers. We record recoveries of accounts previously written off when received as an increase in the allowance for doubtful accounts. To the extent data we use to calculate these estimates does not accurately reflect bad debts, adjustments to these reserves may be required.

Revenue Recognition

We adopted Accounting Standards Codification, or ASC, 606 on January 1, 2018 using the modified retrospective method for all contracts not completed as of the date of adoption. ASC 606 states that a contract is considered “completed” if all (or substantially all) of the revenue was recognized in accordance with revenue guidance that was in effect before the date of initial application. Because all (or substantially all) of the revenue related to sales of our products has been recognized under ASC 605 prior to the date of initial application of the new standard, the contracts are considered completed under the ASC 606. Based on our evaluation of ASC 606, we concluded that a cumulative adjustment was not necessary upon implementation of ASC 606 on January 1, 2018.

In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which we expect to be entitled to receive in exchange for these goods or services. The provisions of ASC 606 include a five-step process by which we determine revenue recognition, depicting the transfer of goods or services to customers in amounts reflecting the payment to which we expect to be entitled in exchange for those goods or services. ASC 606 requires us to apply the following steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, we satisfy the performance obligation.

Prescription Products

We sell our name brand and generic prescription products primarily through wholesale distributors and retail pharmacy distributors. We have one performance obligation related to prescription products sold through wholesale distributors which is to transfer promised goods to a customer and two performance obligations related to products sold through retail pharmacy distributors, which are to: (1) transfer promised goods and (2) provide customer service for an immaterial fee. We treat shipping as a fulfillment activity rather than as a separate obligation. We recognize prescription revenue only when we satisfy performance obligations by transferring a promised good or service to a customer. A good or service is considered to be transferred when the customer receives the goods or service or obtains control. Control refers to the customer’s ability to direct the use of, and obtain substantially all of the remaining benefits from, an asset. All of our performance obligations, and associated revenue, are transferred to customers at a point in time. Payment for goods or services sold by us is typically due between 30 and 60 days after an invoice is sent to the customer.

The transaction price of a contract is the amount of consideration to which the we expect to be entitled in exchange for transferring promised goods or services to a customer. Prescription products are sold at fixed wholesale acquisition cost, or WAC, determined based on our list price. However, the total transaction price is variable as it is calculated net of estimated product returns, chargebacks, rebates, coupons, discounts and wholesaler fees. In order to determine the transaction price, we estimate the amount of variable consideration at the outset of the contract either utilizing the expected value or most likely amount method, depending on the facts and circumstances relative to the contract or each variable consideration. We include amounts of variable consideration in a contract’s transaction price only to the extent that we have a relatively high level of confidence that the amounts will not be subject to significant reversals, that is, downward adjustments to revenue recognized for satisfied performance obligations. In determining amounts of variable consideration to include in a contract’s transaction price, we rely on our historical experience and other evidence that supports our qualitative assessment of whether revenue would be subject to a significant reversal. We consider all the facts and circumstances associated with both the risk of a revenue reversal arising from an uncertain future event and the magnitude of the reversal if that uncertain event were to occur. When determining if variable consideration should be constrained, we consider whether there are factors outside our control that could result in a significant reversal of revenue. In making these assessments, we consider the likelihood and magnitude of a potential reversal of revenue. These estimates are re-assessed each reporting period as required.

We accept returns of unsalable prescription products sold through wholesale distributors within a return period of six months prior to and up to 12 months following product expiration. Our prescription products currently have a shelf life of 24 months from the date of manufacture. We recognize the amount of expected returns as a refund liability, representing the obligation to return the customer’s consideration. Since our returns primarily consist of expired and short dated products that will not be resold, we do not record a return asset for the right to recover the goods returned by the customer at the time of the initial sale (when recognition of revenue is deferred due to the anticipated return). Return estimates are recorded in the other current liabilities on the consolidated balance sheet.

We offer various rebate and discount programs in an effort to maintain a competitive position in the marketplace and to promote sales and customer loyalty. We estimate the allowance for consumer rebates and coupons that we have offered based on our experience and industry averages, which is reviewed, and adjusted if necessary, on a quarterly basis. Estimates relating to these rebates and coupons are deducted from gross product revenues at the time the revenues are recognized. We record distributor fees based on amounts stated in contracts. Rebates estimates are recorded in accrued expenses and coupon estimates and distributor fees are recorded in the other current liabilities on the consolidated balance sheet. We estimate chargebacks based on prices stated in contracts based the number of units sold each period. We provide invoice discounts to our customers for prompt payment. We deduct invoice discounts and chargebacks from our gross product revenues at the time such discounts are earned by customers.

OTC Products

Our OTC and prescription prenatal vitamin products are generally variations of the same product with slight modifications in formulation and marketing. As of January 1, 2017, we decided to focus on selling our prescription vitamins and ceased manufacturing and distributing our OTC product lines, except for Iron 21/7 which we ceased manufacturing in October 2017. We generate OTC revenue from product sales primarily to retail consumers. We recognize revenue from product sales upon shipment, when the rights of ownership and risk of loss have passed to the consumer. We include outbound shipping and handling fees, if any, in revenues, net, and bill them upon shipment. We include shipping expenses in cost of goods sold. A majority of our OTC customers pay for our products with credit cards, and we usually receive the cash settlement in two to three banking days. Credit card sales minimize accounts receivable balances relative to OTC sales. We provide an unconditional 30-day money-back return policy under which we accept product returns from our retail and eCommerce OTC customers. We recognize revenue from OTC sales, net of estimated returns and sales discounts.

Disaggregation of revenue

We sell our name brand and generic prescription products primarily through wholesale distributors and retail pharmacy distributors which accounted for all sales during 2018 and the vast majority of sales during 2017. As of January 1, 2017, we decided to focus on selling our prescription vitamins and ceased manufacturing and distributing our OTC product lines, except for Iron 21/7 which we ceased manufacturing in October 2017. The sales of Iron 21/7 during the three months ended March 31, 2018 and 2017 were approximately $0 and $8,000.

Contract assets and contract liabilities

Based on our contracts, we invoice customers once our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities under ASC 606. Accounts receivable are recorded when the right to consideration becomes unconditional. We disclose receivables from contracts with customers separately in the statement of financial position. Estimates related to cash discounts and chargebacks are included in net accounts receivable. Estimates related to distributors fees, rebates, coupons and returns are disclosed in Note 8.

Share-Based Compensation

We measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include options, restricted stock, restricted stock units, performance-based awards, share appreciation rights, and employee share purchase plans. We amortize such compensation amounts, if any, over the respective service periods of the award. We use the Black-Scholes-Merton option pricing model, or the Black-Scholes Model, an acceptable model in accordance with ASC 718, Compensation-Stock Compensation, to value options. Option valuation models require the input of assumptions, including the expected life of the stock-based awards, the estimated stock price volatility, the risk-free interest rate, and the expected dividend yield. The risk-free interest rate assumption is based upon observed interest rates on zero coupon U.S. Treasury bonds whose maturity period is appropriate for the term of the instrument. Estimated volatility is a measure of the amount by which our stock price is expected to fluctuate each year during the term of the award. Prior to January 1, 2017, the expected volatility of share options was estimated based on a historical volatility analysis of peer entities whose stock prices were publicly available that were similar to the Company with respect to industry, stage of life cycle, market capitalization, and financial leverage. On January 1, 2017, we began using our own stock price in our volatility calculation along with the other peer entities whose stock prices were publicly available that were similar to our company. Our calculation of estimated volatility is based on historical stock prices over a period equal to the expected term of the awards. The average expected life is based on the contractual terms of the stock option using the simplified method. We utilize a dividend yield of zero based on the fact that we have never paid cash dividends and have no current intention to pay cash dividends. Calculating share-based compensation expense requires the input of highly subjective judgment and assumptions, including forfeiture rates, estimates of expected life of the share-based award, stock price volatility and risk-free interest rates. The assumptions used in calculating the fair value of share-based awards represent our best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if factors change and we use different assumptions, our share-based compensation expense could be materially different in the future.

Equity instruments (“instruments”) issued to non-employees are recorded on the basis of the fair value of the instruments, as required by ASC 505, Equity - Based Payments to Non-Employees, or ASC 505. ASC 505 defines the measurement date and recognition period for such instruments. In general, the measurement date is when either (a) a performance commitment, as defined, is reached or (b) the earlier of (i) the non-employee performance is complete or (ii) the instruments are vested. The estimated expense is recognized each period based on the current fair value of the award. As a result, the amount of expense related to awards to non-employees can fluctuate significantly during the period from the date of the grant through the final measurement date. The measured value related to the instruments is recognized over a period based on the facts and circumstances of each particular grant as defined in ASC 505.

We recognize the compensation expense for all share-based compensation granted based on the grant date fair value estimated in accordance with ASC 718. We generally recognize the compensation expense on a straight-line basis over the employee’s requisite service period. Effective January 1, 2017, we account for forfeitures when they occur.

Research and Development Expenses

Research and development, or R&D, expenses include internal R&D activities, services of external contract research organizations, or CROs, costs of their clinical research sites, manufacturing, scale-up and validation costs, and other activities. Internal R&D activity expenses include laboratory supplies, salaries, benefits, and non-cash share-based compensation expenses. CRO activity expenses include preclinical laboratory experiments and clinical trial studies. Other activity expenses include regulatory consulting and legal fees and costs. The activities undertaken by our regulatory consultants that were classified as R&D expenses include assisting, consulting with, and advising our in-house staff with respect to various U.S. Food and Drug Administration, or the FDA, submission processes, clinical trial processes, and scientific writing matters, including preparing protocols and FDA submissions. Legal activities that were classified as R&D expenses include professional research and advice regarding R&D, patents and regulatory matters. These consulting and legal expenses were direct costs associated with preparing, reviewing, and undertaking work for our clinical trials and investigative drugs. We charge internal R&D activities and other activity expenses to operations as incurred. We make payments to CROs based on agreed-upon terms, which may include payments in advance of a study starting date. We expense nonrefundable advance payments for goods and services that will be used in future R&D activities when the activity has been performed or when the goods have been received rather than when the payment is made. We review and accrue CRO expenses and clinical trial study expenses based on services performed and rely on estimates of those costs applicable to the completion stage of a study as provided by CROs. Estimated accrued CRO costs are subject to revisions as such studies progress to completion. We charge revisions expense in the period in which the facts that give rise to the revision become known.

Segment Reporting

We are managed and operated as one business, which is focused on creating and commercializing products targeted exclusively for women. Our business operations are managed by a single management team that reports to the President of our company. We do not operate separate lines of business with respect to any of our products and we do not prepare discrete financial information with respect to separate products. All product sales are derived from sales in the United States. Accordingly, we view our business as one reportable operating segment.

FIXED ASSETS, NET

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

FIXED ASSETS, NET

NOTE 6 – FIXED ASSETS, NET

Fixed assets, net consist of the following:

	March 31, 2018			December 31, 2017
Accounting system	$	301,096		$	301,096
Equipment		300,445			273,536
Furniture and fixtures		116,542			116,542
Computer hardware		80,211			80,211
Leasehold improvements		37,888			37,888
		836,182			809,273
Accumulated depreciation		(410,643	)		(372,218	)
TOTAL FIXED ASSETS, NET	$	425,539		$	437,055

Depreciation expense for the three months ended March 31, 2018 and 2017 was $38,424 and $33,600 respectively.

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

The following table sets forth the gross carrying amount, accumulated amortization and net carrying amount of our intangible assets as of March 31, 2018 and December 31, 2017:

	March 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Weighted- Average Remaining Amortization Period (yrs.)
Amortizable intangible assets:
OPERA^®software patent	$	31,951	$	(8,986	)	$	22,965		11.50
Development costs of corporate website		91,743		(91,743	)		—		n/a
Approved hormone therapy drug candidate patents		1,413,755		(192,609	)		1,221,146		14.75
Hormone therapy drug candidate patents (pending)		1,738,417		—			1,738,417		n/a
Non-amortizable intangible assets:
Multiple trademarks		238,158		—			238,158		indefinite
Total	$	3,514,024	$	(293,338	)	$	3,220,686

	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Weighted- Average Remaining Amortization Period (yrs.)
Amortizable intangible assets:
OPERA^®software patent	$	31,951	$	(8,487	)	$	23,464		11.75
Development costs of corporate website		91,743		(91,743	)		—		n/a
Approved hormone therapy drug candidate patents		1,293,614		(171,911	)		1,121,703		15
Hormone therapy drug candidate patents (pending)		1,721,305		—			1,721,305		n/a
Non-amortizable intangible assets:
Multiple trademarks		233,275		—			233,275		indefinite
Total	$	3,371,888	$	(272,141	)	$	3,099,747

We capitalize external costs, consisting primarily of legal costs, related to securing our patents and trademarks. Once a patent is granted, we amortize the approved hormone therapy drug candidate patents using the straight line method over the estimated useful life of approximately 20 years, which is the life of intellectual property patents. If the patent is not granted, we write-off any capitalized patent costs at that time. Trademarks are perpetual and are not amortized. During the three months ended March 31, 2018 and year ended December 31, 2017, there was no impairment recognized related to intangible assets.

We have numerous pending foreign and domestic patent applications. As of March 31, 2018, we had 16 issued foreign patents and 18 issued domestic, or U.S., patents including:

●

13 domestic utility patents that relate to our combination progesterone and estradiol product candidates, which are owned by us. These domestic utility patents will expire in 2032. In addition, we have pending patent applications with respect to our combination progesterone and estradiol product candidates in the U.S., Argentina, Australia, Brazil, Canada, Europe, Israel, Japan, Mexico, Russia, South Africa, and South Korea;

●

Three domestic patents that relate to TX-004HR, our applicator-free vaginal estradiol softgel product candidate. These patents establish an important intellectual property foundation for TX-004HR and are owned by us. These domestic patents will expire in 2033 or 2032. In addition, we have pending patent applications related to our applicator-free vaginal estradiol softgel product candidate in the U.S., Argentina, Australia, Brazil, Canada, Europe, Israel, Japan, Mexico, Russia, South Africa, and South Korea;

●

One domestic utility patent that relates to our pipeline transdermal patch technology, which is owned by us. The domestic utility patent will expire in 2032. We have pending patent applications with respect to this technology in the U.S., Australia, Brazil, Canada, Europe, Mexico, Japan, and South Africa; and

●

One utility patent that relates to our OPERA^® information-technology platform, which is owned by us and is a domestic patent that will expire in 2029.

Amortization expense was $21,197 and $16,099 for the three months ended March 31, 2018 and 2017, respectively. Estimated amortization expense for the next five years for the patent cost currently being amortized is as follows:

Year Ending December 31,		Estimated Amortization
	2018(9 months)	$	63,590
	2019	$	84,786
	2020	$	84,786
	2021	$	84,786
	2022	$	84,786
	Thereafter	$	841,377

OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2018

Other Liabilities Disclosure [Abstract]

OTHER CURRENT LIABILITIES

NOTE 8 – OTHER CURRENT LIABILITIES

Other current liabilities consist of the following:

	March 31, 2018		December 31, 2017
Accrued payroll, bonuses and commission costs	$	2,650,124	$	4,240,379
Allowance for coupons and returns		1,860,205		1,432,846
Accrued compensated absences		956,331		945,457
Other accrued expenses		144,940		525,999
Accrued rebates		36,988		76,917
Accrued legal and accounting expense		363,804		600,350
Accrued sales and marketing costs		1,845,900		420,162
Accrued research and development		944,757		366,933
Accrued rent		360,019		327,099
Allowance for wholesale distributor fees		81,741		172,973
Accrued royalties		131,009		114,480
TOTAL OTHER CURRENT LIABILITIES	$	9,375,818	$	9,223,595

NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

NET LOSS PER SHARE

NOTE 9 – NET LOSS PER SHARE

We calculate earnings per share, or EPS, in accordance with ASC 260, Earnings Per Share, which requires the computation and disclosure of two EPS amounts: basic and diluted. We compute basic EPS based on the weighted-average number of shares of common stock, par value $0.001 per share, or Common Stock, outstanding during the period. We compute diluted EPS based on the weighted-average number of shares of our Common Stock outstanding plus all potentially dilutive shares of our Common Stock outstanding during the period. Such potentially dilutive shares of our Common Stock consist of options and warrants and were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive due to the net loss reported by us. The table below presents potentially dilutive securities that could affect our calculation of diluted net loss per share allocable to common stockholders for the periods presented.

	Three months ended
	March 31, 2018		March 31, 2017
Stock options		25,196,684		23,286,933
Warrants		3,290,905		10,374,071
		28,487,589		33,661,004

STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2018

Stockholders' Equity:

STOCKHOLDERS' EQUITY

NOTE 10 – STOCKHOLDERS’ EQUITY

Preferred Stock

At March 31, 2018, we had 10,000,000 shares of preferred stock, par value $0.001, authorized for issuance, of which no shares of preferred stock were issued or outstanding.

Common Stock

At March 31, 2018, we had 350,000,000 shares of Common Stock authorized for issuance, of which 216,584,274 shares of Common Stock were issued and outstanding.

Issuances During the Three Months Ended March 31, 2018

During the three months ended March 31, 2018, certain individuals exercised stock options to purchase 144,791 shares of Common Stock for $44,057 in cash. Also, during the same period, stock options to purchase 10,000 shares of Common Stock were exercised pursuant to the options’ cashless exercise provisions, wherein 9,841 shares of Common Stock were issued.

Issuances During the Three Months Ended March 31, 2017

During the three months ended March 31, 2017, certain individuals exercised stock options to purchase 95,046 shares of Common Stock for $192,310 in cash.

Warrants to Purchase Common Stock

As of March 31, 2018, we had warrants outstanding to purchase an aggregate of 3,290,905 shares of Common Stock with a weighted-average contractual remaining life of approximately 2.1 years, and exercise prices ranging from $0.24 to $8.20 per share, resulting in a weighted average exercise price of $2.72 per share.

The valuation methodology used to determine the fair value of our warrants is the Black-Scholes Model. The Black-Scholes Model requires the use of a number of assumptions, including volatility of the stock price, the risk-free interest rate, dividend rate and the term of the warrant. During the three months ended March 31, 2018, we granted warrants to purchase 175,000 shares of Common Stock to outside consultants at an exercise price of $5.16. The fair value for these warrants was determined by using the Black-Scholes Model on the date of the grant using a term of 5 years; volatility of 62.1%; risk free rate of 2.36%; and dividend yield of 0%. The grant date fair value of the warrants was $2.79 per share. The warrants are vesting ratably over a 12-month period and have an expiration date of March 15, 2023. During the three months ended March 31, 2017, we granted warrants to purchase 125,000 shares of Common Stock to outside consultants at an exercise price of $6.83 per share. The fair value for these warrants was determined by using the Black-Scholes Model on the date of the grant using a term of five years; volatility of 63.24%; risk free rate of 1.47%; and dividend yield of 0%. The grant date fair value of the warrants was $3.67 per share. The warrants vest ratably over a 12-month period and have an expiration date of March 15, 2022.

During the three months ended March 31, 2018 and 2017, we recorded $91,475 and $47,686, respectively, as share based compensation expense in the accompanying consolidated financial statements related to warrants. As of March 31, 2018, total unrecognized estimated compensation expense related to the unvested portion of these warrants was approximately $478,000 which is expected to be recognized over a weighted-average period of 0.9 years.

In May 2013, we entered into a consulting agreement with Sancilio and Company, Inc., or SCI, to develop drug platforms to be used in our hormone replacement drug candidates. These services include support of our efforts to successfully obtain FDA approval for our drug candidates, including a vaginal capsule for the treatment of vulvar and vaginal atrophy, or VVA. In connection with the agreement, SCI agreed to forfeit its rights to receive warrants to purchase 833,000 shares of our Common Stock that were to be granted pursuant to the terms of a prior consulting agreement dated May 17, 2012. As consideration under the agreement, we agreed to issue to SCI a warrant to purchase 850,000 shares of our Common Stock at $2.01 per share that has vested or will vest, as applicable, as follows:

283,333 shares were earned on May 11, 2013 upon acceptance of an Investigational New Drug application by the FDA for an estradiol-based drug candidate in a softgel vaginal capsule for the treatment of VVA; however, pursuant to the terms of the consulting agreement, the shares did not vest until June 30, 2013. The fair value of $405,066 for the shares vested on June 30, 2013 was determined by using the Black-Scholes Model on the date of vesting using a term of 5 years; a volatility of 45.89%; risk free rate of 1.12%; and a dividend yield of 0%. We recorded the entire $405,066 as non-cash compensation as of June 30, 2013. These shares were exercised in 2017.

283,333 shares vested on June 30, 2013. The fair value of $462,196 for these shares was determined by using the Black-Scholes Model on the date of vesting using a term of 5 years; a volatility of 45.84%; risk free rate of 1.41%; and a dividend yield of 0%. As of June 30, 2016, this warrant was fully amortized. These shares were exercised in 2017; and

283,334 shares would have vested upon the receipt by us, prior to the warrant expiration date of April 30, 2018, of any final FDA approval of a drug candidate that SCI helped us design. Since the receipt of such approval did not occur before the warrant’s expiration date, the warrant expired on April 30, 2018.

In May 2012, we issued warrants to purchase an aggregate of 1,300,000 shares of Common Stock to SCI for services to be rendered over approximately five years beginning in May 2012. The warrants vested upon issuance. Services provided are to include (a) services in support of our drug development efforts, including services in support our ongoing and future drug development and commercialization efforts, regulatory approval efforts, third-party investment and financing efforts, marketing efforts, chemistry, manufacturing and controls efforts, drug launch and post-approval activities, and other intellectual property and know-how transfer associated therewith; (b) services in support of our efforts to successfully obtain new drug approval; and (c) other consulting services as mutually agreed upon from time to time in relation to new drug development opportunities. The warrants were valued at $1,532,228 on the date of the issuance using an exercise price of $2.57; a term of five years; a volatility of 44.71%; risk free rate of 0.74%; and a dividend yield of 0%. During the three months ended March 31, 2018 and 2017, we recorded $0 and $64,449, respectively, as non-cash compensation with respect to these warrants in the accompanying consolidated financial statements. This warrant was fully exercised, of which 800,000 shares were exercised in 2017 and 500,000 shares were exercised in 2016. As of March 31, 2018, the SCI warrants issued in 2013 and 2012 were fully amortized.

During the three months ended March 31, 2018, no warrants were exercised. During the three months ended March 31, 2017, certain individuals exercised warrants to purchase 1,810,000 shares of our Common Stock for $2,460,000 in cash.

Options to Purchase Common Stock

In 2009, we adopted the 2009 Long Term Incentive Compensation Plan, or the 2009 Plan, to provide financial incentives to employees, directors, advisers, and consultants of our company who are able to contribute towards the creation of or who have created stockholder value by providing them stock options and other stock and cash incentives, or the Awards. The Awards available under the 2009 Plan consist of stock options, stock appreciation rights, restricted stock, restricted stock units, performance stock, performance units, and other stock or cash awards as described in the 2009 Plan. There are 25,000,000 shares of Common Stock authorized for issuance thereunder. Generally, the options vest annually over four years or as determined by our board of directors, upon each option grant. Options may be exercised by paying the price for shares or on a cashless exercise basis after they have vested and prior to the specified expiration date provided and applicable exercise conditions are met, if any. The expiration date is generally ten years from the date the option is issued. As of March 31, 2018, there were non-qualified stock options to purchase 18,751,543 shares of Common Stock outstanding under the 2009 Plan. As of March 31, 2018, there were 1,842,787 shares of Common Stock available to be issued under 2009 Plan.

In 2012, we adopted the 2012 Stock Incentive Plan, or the 2012 Plan, a non-qualified plan that was amended in August 2013. The 2012 Plan was designed to serve as an incentive for retaining qualified and competent key employees, officers, directors, and certain consultants and advisors of our company. The Awards available under the 2012 Plan consist of stock options, stock appreciation rights, restricted stock, restricted stock units, performance stock, performance units, and other stock or cash awards as described in the 2012 Plan. Generally, the options vest annually over four years or as determined by our board of directors, upon each option grant. Options may be exercised by paying the price for shares or on a cashless exercise basis after they have vested and prior to the specified expiration date provided and applicable exercise conditions are met, if any. The expiration date is generally ten years from the date the option is issued. There are 10,000,000 shares of Common Stock authorized for issuance thereunder. As of March 31, 2018, there were non-qualified stock options to purchase 6,445,141 shares of Common Stock outstanding under the 2012 Plan. As of March 31, 2018, there were 3,473,333 shares of Common Stock available to be issued under 2012 Plan.

The valuation methodology used to determine the fair value of stock options is the Black-Scholes Model. The Black-Scholes Model requires the use of a number of assumptions including volatility of the stock price, the risk-free interest rate, and the expected life of the stock options. The assumptions used in the Black-Scholes Model for options granted during the three months ended March 31, 2018 and 2017 are set forth in the table below.

	Three Months Ended March 31, 2018	Three Months Ended March 31, 2017
Risk-free interest rate	2.38-2.60%	1.90%
Volatility	63.59-64.04%	61.56-62.83%
Term (in years)	6-6.25	6-6.25
Dividend yield	0.00%	0.00%

A summary of activity under the 2009 and 2012 Plans and related information follows:

	Number of Shares Underlying Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2017		23,365,225		$	3.78		5.13	$	64,664,821
Granted		2,025,500		$	5.19
Exercised		(154,791	)	$	0.29			$	795,224
Expired/Forfeited		(39,250	)	$	7.70
Balance at March 31, 2018		25,196,684		$	3.91		5.3	$	45,463,554
Vested and Exercisable at March 31, 2018		20,244,060		$	3.40		4.4	$	45,405,774
Unvested at March 31, 2018		4,952,624		$	5.99		9.1	$	57,780

At March 31, 2018, our outstanding stock options had exercise prices ranging from $0.10 to $8.92 per share. The weighted average grant date fair value per share of options granted was $3.11 and $3.96 during the three months ended March 31, 2018 and 2017, respectively. Share-based compensation expense for options recognized in our results of operations for the three months ended March 31, 2018 and 2017 ($1,659,883 and $1,301,060, respectively) is based on vested awards. At March 31, 2018, total unrecognized estimated compensation expense related to unvested options granted prior to that date was approximately $15,066,000 which may be adjusted for future changes in forfeitures. This cost is expected to be recognized over a weighted-average period of 2.5 years. No tax benefit was realized due to a continued pattern of operating losses.

INCOME TAXES

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 11 – INCOME TAXES

Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. We do not expect to pay any significant federal or state income tax for 2018 as a result of (i) the losses recorded during the three months ended March 31, 2018, (ii) additional losses expected for the remainder of 2018, and/or (iii) net operating loss carry forwards from prior years. Accounting standards require the consideration of a valuation allowance for deferred tax assets if it is “more likely than not” that some component or all of the benefits of deferred tax assets will not be realized. As of March 31, 2018, we maintain a full valuation allowance for all deferred tax assets. Based on these requirements, no provision or benefit for income taxes has been recorded. There were no recorded unrecognized tax benefits at the end of the reporting period.

RELATED PARTIES

3 Months Ended

Mar. 31, 2018

RELATED PARTIES

NOTE 12 – RELATED PARTIES

In July 2015, J. Martin Carroll, a director of our company, was appointed to the board of directors of Catalent, Inc. From time to time, we have entered into agreements with Catalent, Inc. and its affiliates, or Catalent, in the normal course of business. Agreements with Catalent have been reviewed by independent directors of our company or a committee consisting of independent directors of our company since July 2015. During the three months ended March 31, 2018 and 2017, we were billed by Catalent approximately $338,000 and $705,000, respectively, for manufacturing activities related to our clinical trials, scale-up, registration batches, stability and validation testing. As of March 31, 2018 and December 31, 2017, there were amounts due to Catalent of approximately $157,000 and $523,000, respectively.

BUSINESS CONCENTRATIONS

3 Months Ended

Mar. 31, 2018

Risks and Uncertainties [Abstract]

BUSINESS CONCENTRATIONS

NOTE 13 - BUSINESS CONCENTRATIONS

We purchase our products from several suppliers with approximately 100% of our purchases supplied from one vendor for the both three months ended March 31, 2018 and 2017.

We sell our prescription prenatal vitamin products to wholesale distributors, specialty pharmacies, specialty distributors, and chain drug stores that generally sell products to retail pharmacies, hospitals, and other institutional customers. During the three months ended March 31, 2018 and 2017, five customers each generated more than 10% of our total revenues. Revenue generated from five major customers combined accounted for approximately 80% of our recognized revenue for the three months ended March 31, 2017 and revenue generated from five major customers combined accounted for approximately 72% of our recognized revenue for the three months ended March 31, 2017.

During the three months ended March 31, 2018, PI Services generated approximately $557,000 of our revenue, Pillpack, Inc. generated approximately $905,000 of our revenue, AmerisourceBergen generated approximately $668,000 of our revenue, Cardinal Health generated approximately $493,000 of our revenue and McKesson Corporation generated approximately $385,000 of our revenue. During the three months ended March 31, 2017, Pharmacy Innovations TX generated approximately $440,000 of our revenue, Pharmacy Innovations PA generated approximately $937,000 of our revenue, AmerisourceBergen generated approximately $526,000 of our revenue, Cardinal Health generated approximately $553,000 of our revenue and McKesson Corporation generated approximately $428,000 of our revenue.

As a result of developments in the pharmaceutical industry that negatively affected independent pharmacies, including such pharmacies’ reliance on third party payors, in 2016, we identified that payment periods for our retail pharmacy distributors were becoming longer than in prior years. As a result, during the third quarter of 2016, we centralized the distribution channel for both our retail pharmacy distributors and wholesale distributors, in order to facilitate sales to a broader population of retail pharmacies and minimize business risk exposure to any one retail pharmacy. During the third quarter of 2016, we entered into new distribution agreements with our retail pharmacy distributors to effectuate this centralization which were effective September 1, 2016.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 14– COMMITMENTS AND CONTINGENCIES

Operating Lease

We lease administrative office space in Boca Raton, Florida pursuant to a non-cancelable operating lease that commenced on July 1, 2013 and originally provided for a 63-month term. On February 18, 2015, we entered into an agreement with the same lessors to lease additional administrative office space in the same location, pursuant to an addendum to such lease. In addition, on April 26, 2016, we entered into an agreement with the same lessors to lease additional administrative office space in the same location. This agreement was effective beginning May 1, 2016 and extended the original expiration of the lease term to October 31, 2021. On October 4, 2016, we entered into an agreement with the same lessors to lease additional administrative office space in the same location, pursuant to an addendum to such lease. This addendum is effective beginning November 1, 2016.

The rental expense related to our current lease during the three months ended March 31, 2018 and 2017 was $257,301 and $250,067, respectively.

As of March 31, 2018, future minimum rental payments on non-cancelable operating leases are as follows:

Years Ending December 31,
	2018 (9 months)	$	726,562
	2019		1,094,116
	2020		1,113,069
	2021		943,127
	2022		—
	Total minimum lease payments	$	3,876,874

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS

On May 1, 2018, we entered into a Credit and Security Agreement (the “Credit Agreement”), by and among us and our subsidiaries party thereto from time to time, each as a borrower (the “Borrowers”), MidCap Financial Trust (“MidCap”), as agent (“Agent”) and as lender, and the additional lenders party thereto from time to time (together with MidCap as a lender, the “Lenders”).

The Credit Agreement provides a secured term loan facility in an aggregate principal amount of up to $200 million (the “Term Loan”). Under the terms of the Credit Agreement, the Term Loan will be made in three separate tranches (each, a “Tranche”), with each Tranche to be made available to us, at our option, upon our achievement of certain milestones. The first Tranche of $75.0 million (“Tranche 1”) may be drawn by us on or before July 31, 2018, provided that we satisfy certain conditions described in the Credit Agreement, including approval by the FDA of the New Drug Application (“NDA”) for our TX-004HR drug candidate. The second Tranche of $75.0 million (“Tranche 2”) may be drawn by us on or before May 31, 2019, provided that we satisfy certain conditions described in the Credit Agreement, including (i) that Tranche 1 has been drawn, (ii) the approval by the FDA of the NDA for our TX-001HR drug candidate and (iii) we have consummated our first commercial sale in the United States of TX-001HR. The third Tranche of $50.0 million (“Tranche 3”) may be drawn by us on or before December 31, 2019, provided that we satisfy certain conditions described in the Credit Agreement, including that (i) Tranche 2 has been drawn and (ii) the Borrowers have generated at least $75.0 million of consolidated net revenue attributable to commercial sales of TX-001HR and TX-004HR during the twelve-month period ending immediately prior to the funding of Tranche 3.

Amounts borrowed under the Term Loan will bear interest at a rate equal to the sum of (i) one month LIBOR (subject to a LIBOR floor of 1.50%) plus (ii) 7.75% per annum. Interest on amounts borrowed under the Term Loan will be due and payable monthly in arrears. Principal on each Tranche will be payable in 36 equal monthly installments beginning May 1, 2020 until paid in full on May 1, 2023 (the “Maturity Date”), provided, however, that if the Borrowers generate at least $95.0 million of consolidated net revenue attributable to commercial sales of TX-001HR and TX-004HR by December 31, 2019, the Borrowers may extend the interest-only period by an additional 12 months to May 1, 2021.

The Term Loan may be prepaid, in whole or in part, subject to a prepayment fee on the amount being prepaid (or required to be prepaid, if such amount is greater) of (i) 4.0% for the first year following the Tranche 1 funding date, (ii) 3.0% for the second year following the Tranche 1 funding date and (iii) 2.0% thereafter. Upon repayment of the Term Loan at the Maturity Date or prepayment on any earlier date, we will be required to pay a termination payment based on the principal amount paid or prepaid. In connection with the execution of the Credit Agreement, we paid Agent, for the benefit of all Lenders, an origination fee equal to 1.00% of the maximum potential amount of the Term Loan. The Borrowers will also pay Agent an annual administration fee based on the amounts borrowed under the Term Loan, in addition to other fees and expenses.

The obligations of the Borrowers under the Credit Agreement are secured, subject to customary permitted liens and other agreed upon exceptions, by a first priority perfected security interest in all existing and after-acquired assets of the Borrowers. The obligations under the Credit Agreement will be guaranteed by each of our future direct and indirect subsidiaries (other than certain non-U.S. subsidiaries of ours and certain U.S. subsidiaries substantially all of whose assets consist of equity interests in non-U.S. subsidiaries, subject to certain exceptions).

The Credit Agreement contains customary restrictions and covenants applicable to the Borrowers. Among other requirements, the Borrowers must (i) maintain a minimum cash balance of $50.0 million and (ii) achieve certain minimum consolidated net revenue amounts attributable to commercial sales of our products. The Credit Agreement also contains customary covenants that limit, among other things, the ability of the Borrowers to (i) incur indebtedness, (ii) incur liens on their property, (iii) pay dividends or make other distributions, (iv) sell their assets, (v) make certain loans or investments, (vi) merge or consolidate, (vii) voluntarily repay or prepay certain permitted indebtedness and (viii) enter into transactions with affiliates, in each case subject to certain exceptions.

The Credit Agreement contains customary representations and warranties and events of default relating to, among other things, payment defaults, breaches of covenants, the occurrence of any fact, event or circumstance that could reasonably be expected to result in a Material Adverse Effect (as defined in the Credit Agreement), delisting of the our Common Stock, bankruptcy and insolvency, cross defaults with certain material indebtedness and certain material contracts, judgments and inaccuracies of representations and warranties. Upon or after an event of default, Agent and the Lenders may declare all or a portion of our obligations under the Credit Agreement to be immediately due and payable and exercise other rights and remedies provided for under the Credit Agreement.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Fair Value of Financial Instruments

Level 1

unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2

Level 3

unobservable inputs for the asset or liability.

At March 31, 2018 and 2017, we had no assets or liabilities that were valued at fair value on a recurring basis.

Trade Accounts Receivable and Allowance for Doubtful Accounts

Revenue Recognition

Prescription Products

OTC Products

Disaggregation of revenue

Contract assets and contract liabilities

Share-Based Compensation

Research and Development Expenses

Segment Reporting

INVENTORY (Tables)

3 Months Ended

Mar. 31, 2018

Inventory Disclosure [Abstract]

Schedule of inventory

Inventory consists of the following:

	March 31, 2018		December 31, 2017
Finished product	$	1,620,872	$	1,485,358
TOTAL INVENTORY	$	1,620,872	$	1,485,358

FIXED ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of fixed assets

Fixed assets, net consist of the following:

	March 31, 2018			December 31, 2017
Accounting system	$	301,096		$	301,096
Equipment		300,445			273,536
Furniture and fixtures		116,542			116,542
Computer hardware		80,211			80,211
Leasehold improvements		37,888			37,888
		836,182			809,273
Accumulated depreciation		(410,643	)		(372,218	)
TOTAL FIXED ASSETS, NET	$	425,539		$	437,055

INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of intangible assets

The following table sets forth the gross carrying amount, accumulated amortization and net carrying amount of our intangible assets as of March 31, 2018 and December 31, 2017:

	March 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Weighted- Average Remaining Amortization Period (yrs.)
Amortizable intangible assets:
OPERA^®software patent	$	31,951	$	(8,986	)	$	22,965		11.50
Development costs of corporate website		91,743		(91,743	)		—		n/a
Approved hormone therapy drug candidate patents		1,413,755		(192,609	)		1,221,146		14.75
Hormone therapy drug candidate patents (pending)		1,738,417		—			1,738,417		n/a
Non-amortizable intangible assets:
Multiple trademarks		238,158		—			238,158		indefinite
Total	$	3,514,024	$	(293,338	)	$	3,220,686

	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Weighted- Average Remaining Amortization Period (yrs.)
Amortizable intangible assets:
OPERA^®software patent	$	31,951	$	(8,487	)	$	23,464		11.75
Development costs of corporate website		91,743		(91,743	)		—		n/a
Approved hormone therapy drug candidate patents		1,293,614		(171,911	)		1,121,703		15
Hormone therapy drug candidate patents (pending)		1,721,305		—			1,721,305		n/a
Non-amortizable intangible assets:
Multiple trademarks		233,275		—			233,275		indefinite
Total	$	3,371,888	$	(272,141	)	$	3,099,747

Schedule of estimated amortization expense

Estimated amortization expense for the next five years for the patent cost currently being amortized is as follows:

Year Ending December 31,		Estimated Amortization
	2018(9 months)	$	63,590
	2019	$	84,786
	2020	$	84,786
	2021	$	84,786
	2022	$	84,786
	Thereafter	$	841,377

OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2018

Other Liabilities Disclosure [Abstract]

Schedule of other current liabilities

Other current liabilities consist of the following:

	March 31, 2018		December 31, 2017
Accrued payroll, bonuses and commission costs	$	2,650,124	$	4,240,379
Allowance for coupons and returns		1,860,205		1,432,846
Accrued compensated absences		956,331		945,457
Other accrued expenses		144,940		525,999
Accrued rebates		36,988		76,917
Accrued legal and accounting expense		363,804		600,350
Accrued sales and marketing costs		1,845,900		420,162
Accrued research and development		944,757		366,933
Accrued rent		360,019		327,099
Allowance for wholesale distributor fees		81,741		172,973
Accrued royalties		131,009		114,480
TOTAL OTHER CURRENT LIABILITIES	$	9,375,818	$	9,223,595

NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Schedule of potentially dilutive securities

The table below presents potentially dilutive securities that could affect our calculation of diluted net loss per share allocable to common stockholders for the periods presented.

	Three months ended
	March 31, 2018		March 31, 2017
Stock options		25,196,684		23,286,933
Warrants		3,290,905		10,374,071
		28,487,589		33,661,004

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2018

Stockholders' Equity:

Schedule of assumptions used in the Black-Scholes Model of stock options

The assumptions used in the Black-Scholes Model for options granted during the three months ended March 31, 2018 and 2017 are set forth in the table below.

	Three Months Ended March 31, 2018	Three Months Ended March 31, 2017
Risk-free interest rate	2.38-2.60%	1.90%
Volatility	63.59-64.04%	61.56-62.83%
Term (in years)	6-6.25	6-6.25
Dividend yield	0.00%	0.00%

Schedule of 2009 and 2012 Plans activity

A summary of activity under the 2009 and 2012 Plans and related information follows:

	Number of Shares Underlying Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Balance at December 31, 2017		23,365,225		$	3.78		5.13	$	64,664,821
Granted		2,025,500		$	5.19
Exercised		(154,791	)	$	0.29			$	795,224
Expired/Forfeited		(39,250	)	$	7.70
Balance at March 31, 2018		25,196,684		$	3.91		5.3	$	45,463,554
Vested and Exercisable at March 31, 2018		20,244,060		$	3.40		4.4	$	45,405,774
Unvested at March 31, 2018		4,952,624		$	5.99		9.1	$	57,780

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments on non-cancelable operating leases

As of March 31, 2018, future minimum rental payments on non-cancelable operating leases are as follows:

Years Ending December 31,
	2018 (9 months)	$	726,562
	2019		1,094,116
	2020		1,113,069
	2021		943,127
	2022		—
	Total minimum lease payments	$	3,876,874

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2018 USD ($) Number	Mar. 31, 2017 USD ($)
Shelf life of prescription products following product expiration	24 months
Number of operating segments \| Number	1
Iron 21/7 [Member]
Revenue \| $	$ 0	$ 8,000
Minimum [Member]
Return period of unsalable prescription products	6 months
Maximum [Member]
Return period of unsalable prescription products	12 months

INVENTORY (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Inventory
Finished product	$ 1,620,872	$ 1,485,358
TOTAL INVENTORY	$ 1,620,872	$ 1,485,358

OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Other Current Assets
Prepaid sales and marketing costs	$ 4,037,107	$ 5,335,936
Prepaid insurance	403,059	680,243
Other prepaid costs	657,966	523,694
Prepaid vendor deposits		64,411
TOTAL OTHER CURRENT ASSETS	$ 5,098,132	$ 6,604,284

FIXED ASSETS, NET (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 836,182	$ 809,273
Accumulated depreciation	(410,643)	(372,218)
TOTAL FIXED ASSETS	425,539	437,055
Acounting System [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	301,096	301,096
Equipment [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	300,445	273,536
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	116,542	116,542
Computer hardware [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	80,211	80,211
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 37,888	$ 37,888

INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended	12 Months Ended
INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets
Accumulated Amortization	$ (293,338)	$ (272,141)
Indefinite-Lived Intangible Assets
Gross Carrying Amount	3,514,024	3,371,888
Net Amount	3,220,686	3,099,747
Hormone Therapy Drug Candidate Patents - (Pending) [Member]
Finite-Lived Intangible Assets
Gross Carrying Amount	1,738,417	1,721,305
Net Amount	1,738,417	1,721,305
Multiple Trademarks [Member]
Indefinite-Lived Intangible Assets
Gross Carrying Amount	238,158	233,275
Net Amount	238,158	233,275
Domestic Utilty Patent - Opera Software [Member]
Finite-Lived Intangible Assets
Gross Carrying Amount	31,951	31,951
Accumulated Amortization	(8,986)	(8,487)
Net Amount	$ 22,965	$ 23,464
Weighted average remaining amortization period	11 years 6 months	11 years 9 months
Approved Hormone Therapy Drug Candidate Patents [Member]
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 1,413,755	$ 1,293,614
Accumulated Amortization	(192,609)	(171,911)
Net Amount	$ 1,221,146	$ 1,121,703
Weighted average remaining amortization period	14 years 9 months	15 years
Development Costs Of Corporate Website [Member]
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 91,743	$ 91,743
Accumulated Amortization	$ (91,743)	$ (91,743)

INTANGIBLE ASSETS (Details 1)	Mar. 31, 2018 USD ($)
Year Ending December 31,
2018(9 months)	$ 63,590
2019	84,786
2020	84,786
2021	84,786
2022	84,786
Thereafter	$ 841,377

INTANGIBLE ASSETS (Details Narrative)	3 Months Ended
INTANGIBLE ASSETS (Details Narrative)	Mar. 31, 2018 USD ($) Number	Mar. 31, 2017 USD ($)
Finite-Lived Intangible Assets [Line Items]
Amortization expense \| $	$ 21,197	$ 16,099
Approved Hormone Therapy Drug Candidate Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life	20 years
Domestic U.S. Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	18
Foreign Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	16
Domestic Utility Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	13
Domestic Patents - TX-004HR [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	3
Domestic Utility Patent - Pipeline Transdermal Patch Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	1
Domestic Utilty Patent - Opera Software [Member]
Finite-Lived Intangible Assets [Line Items]
Number of issued patents	1

OTHER CURRENT LIABILITIES (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Accrued payroll, bonuses and commission costs	$ 2,650,124	$ 4,240,379
Allowance for coupons and returns	1,860,205	1,432,846
Accrued compensated absences	956,331	945,457
Other accrued expenses	144,940	525,999
Accrued rebates	36,988	76,917
Accrued legal and accounting expense	363,804	600,350
Accrued sales and marketing costs	1,845,900	420,162
Accrued research and development	944,757	366,933
Accrued rent	360,019	327,099
Allowance for wholesale distributor fees	81,741	172,973
Accrued royalties	131,009	114,480
TOTAL OTHER CURRENT LIABILITIES	$ 9,375,818	$ 9,223,595

NET LOSS PER SHARE (Details) - shares	3 Months Ended
NET LOSS PER SHARE (Details) - shares	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from earnings per share calculation	28,487,589	33,661,004
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from earnings per share calculation	3,290,905	10,374,071
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from earnings per share calculation	25,196,684	23,286,933

STOCKHOLDERS' EQUITY (Details) - Stock Options [Member]	3 Months Ended
STOCKHOLDERS' EQUITY (Details) - Stock Options [Member]	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate - minimum	2.38%
Risk-free interest rate - maximum	2.60%
Risk-free interest rate		1.90%
Volatility - minimum	63.59%	61.56%
Volatility - maximum	64.04%	62.83%
Dividend yield	0.00%	0.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term	6 years	6 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term	6 years 3 months	6 years 3 months

STOCKHOLDERS' EQUITY (Details 1) - Stock Options [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Options, Outstanding
Options outstanding beginning	23,365,225
Options Granted	2,025,500
Options Exercised	(154,791)
Expired/Forfeited	(39,250)
Options outstanding ending	25,196,684	23,365,225
Vested and Exercisable ending	20,244,060
Unvested ending	4,952,624
Options, Weighted Average Exercise Price
Options outstanding beginning	$ 3.78
Granted	5.19
Exercised	0.29
Expired/Forfeited	7.70
Options outstanding ending	3.91	$ 3.78
Vested and Exercisable ending	3.40
Unvested ending	$ 5.99
Options, Weighted Average Remaining Contractual Life
Options outstanding	5 years 3 months 19 days	5 years 1 month 16 days
Vested and Exercisable ending	4 years 4 months 24 days
Unvested ending	9 years 1 month 6 days
Options outstanding, Aggregate Intrinsic Value
Options outstanding beginning	$ 64,664,821
Options exercised	795,224
Options outstanding ending	45,463,554	$ 64,664,821
Vested and Exercisable ending	45,405,774
Unvested ending	$ 57,780

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	3 Months Ended
STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock, shares authorized	10,000,000		10,000,000
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock, shares authorized	350,000,000		350,000,000
Common stock, shares issued	216,584,274		216,429,642
Common stock, shares outstanding	216,584,274		216,429,642
Stock Options [Member]
Value of common stock issued during period for stock options exercised	$ 44,057	$ 192,310
Number of stock options exercised (in shares)	144,791	95,046
Number of stock options exercised in cashless exercise (in shares)	10,000
Number of common stock issued during period for stock options exercised in cashless exercise (in shares)	9,841

STOCKHOLDERS' EQUITY (Details Narrative 1) - USD ($)	3 Months Ended
STOCKHOLDERS' EQUITY (Details Narrative 1) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Warrants:
Share based compensation expense	$ 1,751,358	$ 1,413,195
Unrecognized estimated compensation expense period recognition	2 years 6 months
Outside Consultants Warrants [Member]
Warrants:
Exercise price of warrants (in dollars per share)	$ 5.16	$ 6.83
Warrants granted (in shares)	175,000	125,000
Grant date fair value (in dollars per share)	$ 2.79	$ 3.67
Expiration date of warrants	Mar. 15, 2023	Mar. 15, 2022
Vesting period of warrants	12 months	12 months
Expected term	5 years	5 years
Volatility rate	62.10%	63.24%
Risk free rate	2.36%	1.47%
Dividend yield	0.00%	0.00%
Warrants [Member]
Warrants:
Warrants outstanding	$ 3,290,905
Weighted-average contractual remaining life	2 years 1 month 6 days
Weighted average exercise price of warrants (in dollars per share)	$ 2.72
Share based compensation expense	$ 91,475	$ 47,686
Unrecognized estimated compensation expense	$ 478,000
Unrecognized estimated compensation expense period recognition	10 months 25 days
Warrants [Member] \| Minimum [Member]
Warrants:
Exercise price of warrants (in dollars per share)	$ 0.24
Warrants [Member] \| Maximum [Member]
Warrants:
Exercise price of warrants (in dollars per share)	$ 8.20

STOCKHOLDERS' EQUITY (Details Narrative 2) - USD ($)		1 Months Ended		3 Months Ended		12 Months Ended
STOCKHOLDERS' EQUITY (Details Narrative 2) - USD ($)	Jun. 30, 2013	May 31, 2013	May 31, 2012	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Non-cash compensation expense				$ 1,751,358	$ 1,413,195
SCI - Warrants [Member]
Exercise price of warrants (in dollars per share)		$ 2.01
Warrants granted to purchase common stock (shares)		850,000
Forfeited warrants granted to purchase common stock (shares)		833,000
SCI - Warrants [Member] \| Tranche One [Member]
Fair value of grant	$ 405,066
Non-cash compensation expense	$ 405,066
Vesting date of warrants	Jun. 30, 2013
Expected term	5 years
Volatility rate	45.89%
Risk free rate	1.12%
Dividend yield	0.00%
Vested warrants granted to purchase common stock (shares)	283,333
SCI - Warrants [Member] \| Tranche Two [Member]
Fair value of grant	$ 462,196
Vesting date of warrants	Jun. 30, 2013
Expected term	5 years
Volatility rate	45.84%
Risk free rate	1.41%
Dividend yield	0.00%
Vested warrants granted to purchase common stock (shares)	283,333
SCI - Warrants [Member] \| Tranche Three [Member]
Expired warrants				283,334
SCI Warrants for Services [Member]
Exercise price of warrants (in dollars per share)			$ 2.57
Fair value of grant			$ 1,532,228
Warrants granted to purchase common stock (shares)			1,300,000
Non-cash compensation expense				$ 0	$ 64,449
Expected term			5 years
Volatility rate			44.71%
Risk free rate			0.74%
Dividend yield			0.00%
Warrants exercised						(800,000)	(500,000)

STOCKHOLDERS' EQUITY (Details Narrative 3) - USD ($)	3 Months Ended
STOCKHOLDERS' EQUITY (Details Narrative 3) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Share-based compensation expense	$ 1,659,883	$ 1,301,060
Total unrecognized estimated compensation expense	$ 15,066,000
Recognized weighted-average period	2 years 6 months
Stock Options [Member]
Options outstanding, ending	25,196,684		23,365,225
Weighted average grant date fair value per share of options granted	$ 3.11	$ 3.96
Stock Options [Member] \| Minimum [Member]
Option exercise prices (in dollars per shares)	0.10
Stock Options [Member] \| Maximum [Member]
Option exercise prices (in dollars per shares)	$ 8.92
2012 Stock Incentive Plan [Member]
Number of shares authorized for issuance	10,000,000
Options outstanding, ending	6,445,141
Number of shares available for issuance	3,473,333
2009 Long Term Incentive Compensation Plan [Member]
Number of shares authorized for issuance	25,000,000
Options outstanding, ending	18,751,543
Number of shares available for issuance	1,842,787
Warrants [Member]
Recognized weighted-average period	10 months 25 days
Warrants [Member] \| Individuals [Member]
Shares issued for exercise of warrants, net		$ 2,460,000
Shares issued for exercise of warrants, net (in shares)		1,810,000

RELATED PARTIES (Details Narrative) - Catalent Inc.[Member] - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Manufacturing activities billed from related party	$ 338,000	$ 705,000
Payable - related party	$ 157,000		$ 523,000

BUSINESS CONCENTRATIONS (Details Narrative) - USD ($)	3 Months Ended
BUSINESS CONCENTRATIONS (Details Narrative) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Purchases Supplied - One Vendor [Member]
Concentration Risk [Line Items]
Concentration Risk	100.00%	100.00%
Customer Concentration - PI Services [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues	$ 557,000
Customer Concentration - PI Services [Member] \| Sales Revenue [Member] \| Five Customers [Member]
Concentration Risk [Line Items]
Concentration Risk	10.00%	10.00%
Customer Concentration - PI Services [Member] \| Sales Revenue [Member] \| Five Major Customers [Member]
Concentration Risk [Line Items]
Concentration Risk	80.00%	72.00%
Customer Concentration - Pillpack [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues	$ 905,000
Customer Concentration - AmerisourceBergen [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues	668,000	$ 526,000
Customer Concentration - Cardinal Health [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues	493,000	553,000
Customer Concentration - McKesson Corp [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues	$ 385,000	428,000
Customer Concentration - Pharmacy Innovations, Tx [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues		440,000
Customer Concentration - Pharmacy Innovations, Pa [Member] \| Sales Revenue [Member]
Concentration Risk [Line Items]
Revenues		$ 937,000

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2018 USD ($)
Future minimum rental payments, year ending December 31,
2018 (9 months)	$ 726,562
2019	1,094,116
2020	1,113,069
2021	943,127
Total minimum lease payments	$ 3,876,874

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		3 Months Ended
	May 01, 2016	Mar. 31, 2018	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable operating lease term		63 months
Rental expense		$ 257,301	$ 250,067
Expiration date	Oct. 31, 2021

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] $ in Millions	May 01, 2018 USD ($) Number
First Year After Funding [Member]
Prepayment fee (percent)	4.00%
Second Year After Funding [Member]
Prepayment fee (percent)	3.00%
Thrid Year and Thereafter After Funding [Member]
Prepayment fee (percent)	2.00%
Term Loan [Member]
Prinicipal amount of loan	$ 200
Revenue requirement to extend interest-only period	$ 95
Description of Interest Rate	One month LIBOR plus 7.75% per annum
Basis spread of loan	7.75%
LIBOR floor	1.50%
Number of principal installment payments \| Number	36
Maturity date	May 01, 2023
Interest-only period extension	12 months
Minimum cash balance requirement under credit agreement	$ 50
Term Loan [Member] \| Tranche 1 [Member]
Prinicipal amount of loan	75
Term Loan [Member] \| Tranche 2 [Member]
Prinicipal amount of loan	75
Term Loan [Member] \| Tranche 3 [Member]
Prinicipal amount of loan	50
Revenue requirement to draw on term loan tranche	$ 75

FIXED ASSETS, NET (Details Narrative) - USD ($)	3 Months Ended
FIXED ASSETS, NET (Details Narrative) - USD ($)	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 38,424	$ 33,600