FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]

The following tables provide the fair value measurements of applicable financial liabilities as of June 30, 2015 and December 31, 2014:

	Financial liabilities at fair value as of June 30, 2015
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	295,360	$	295,360
Totals	$	—	$	—	$	295,360	$	295,360

	Financial liabilities at fair value as of December 31, 2014
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	275,190	$	275,190
Totals	$	—	$	—	$	275,190	$	275,190

Change In Level Three Fair Value During Period [Table Text Block]

The following table summarizes the changes in Level 3 instruments during the six months ended June 30, 2015:

Fair value at December 31, 2014	$	275,190
Interest accrued on face value of 5% Notes		484,183
Change in fair value of Level 3 liabilities		(464,013)
Fair value at June 30, 2015	$	295,360