FAIR VALUE MEASUREMENT (Tables)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]
    Total     Level 1     Level 2     Level 3  
Assets:                        
Money market accounts * $ 27,921,666   $ 27,921,666   $   -   $   -  
    Total     Level 1     Level 2     Level 3  
Assets:                        
Money market accounts * $ 30,515,067   $ 30,515,067   $   -   $   -