SHORT TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2015
Short-term Debt [Abstract]  
Schedule of Short-term Debt [Table Text Block]
The book value of the Note at June 30, 2015 is $277,778, as calculated below:
 
Total face value of note
 
$
5,000,000
 
 
 
 
 
 
Total discount resulting from warrants
 
$
(5,329,593)
 
 
 
 
 
 
Total discount resulting from the beneficial conversion feature
 
$
(376,344)
 
 
 
 
 
 
Amortization of Discounts
 
$
983,715
 
 
 
 
 
 
Net book value of note at June 30, 2015
 
$
277,778