FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and December 31, 2015:

	Financial liabilities at fair value as of March 31, 2016
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	152,917	$	152,917
Total	$	—	$	—	$	152,917	$	152,917

	Financial liabilities at fair value as of December 31, 2015
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	211,549	$	211,549
Total	$	—	$	—	$	211,549	$	211,549

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

The following table summarizes the changes in Level 3 instruments during the three months ended March 31, 2016:

Fair value at December 31, 2015	$	211,549
Interest accrued on face value of 5% Notes		242,405
Change in fair value of Level 3 liabilities		(301,037)
Fair value at March 31, 2016	$	152,917