FAIR VALUE MEASUREMENT (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]
    Total     Level 1     Level 2     Level 3  
Assets:                        
Money market accounts * $ 33,617,618   $ 33,617,618   $   -   $   -  
    Total     Level 1     Level 2     Level 3  
Assets:                        
Money market accounts * $ 27,921,666   $ 27,921,666   $   -   $   -