STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 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