STOCK COMPENSATION PROGRAM (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Outstanding Options 2014	Shares under option	Weighted-average exercise price	Weighted-average remaining contractual term (years)
Outstanding at December 31, 2013	12,100,000	USD0.25	7.07
Granted	-	-	-
Exercised	-	-	-
Forfeited, canceled or expired	-	-	-
Outstanding at June 30, 2014	12,100,000	USD0.25	6.56
Exercisable at June 30, 2014	11,443,750	USD0.26	6.57

Schedule of Nonvested Share Activity [Table Text Block]

Non-vested options	Shares under option	Weighted-average grant date fair value
Non-vested at December 31, 2013	1,468,750	USD0.05
Non-vested granted	-	-
Vested	( 812,500)	USD0.05
Non-vested, forfeited or canceled	-	-
Non-vested at June 30, 2014	656,250	USD0.06

Schedule of Other Share-based Compensation, Activity [Table Text Block]

Stock based compensation	Three month period ended		Six month period ended
expenses	Jun 30, 2014	Jun 30, 2013	Jun 30, 2014	Jun 30, 2013
Option grants	20,980	205,074	42,294	499,573
Share grants	-	-	-	-
Total	20,980	205,074	42,294	499,573
Recorded under “Personnel”	8,282	199,835	16,750	502,707
Recorded under “Consulting fees”	12,698	5,239	25,544	( 3,134)