INTEREST EXPENSE NON-RELATED PARTIES AND OTHER EXPENSE (INCOME), NET

6 Months Ended

Jun. 30, 2015

Interest Income (Expense), Net [Abstract]

Other Income and Other Expense Disclosure [Text Block]

21. INTEREST EXPENSE NON-RELATED PARTIES AND OTHER EXPENSE (INCOME), NET

 

For the three months ended June 30, 2015, non-related parties interest expense of $9,254 is comprised of $9,177 interest on convertible debentures and $77 other interest. For the three months ended June 30, 2014, non-related parties interest expense of $11,700 is comprised of $11,565 interest on convertible debentures and $135 other interest.

For the six months ended June 30, 2015, non-related parties interest expense of $18,532 is comprised of $18,354 interest on convertible debentures and $1,768 other interest. For the six months ended June 30, 2014, non-related parties interest expense of $25,252 is comprised of $24,486 interest on convertible debentures and $766 other interest.

For the three months ended June 30, 2015, $1,755 other income, net is comprised of no individually significant items. For the three months ended June 30, 2014, $39,342 other expense, net is comprised primarily of $24,486 loss on disposal of fixed assets, $14,850 loss on convertible debenture settlement, and $6 other expense, net of individually insignificant items.

For the six months ended June 30, 2015, $2,231 other expense, net is comprised primarily of $11,137 insurance expense audit adjustments partially offset by $3,471 royalty income on licensed patents, $1,800 sale of fixed assets and $3,635 other income, net of individually insignificant items. For the six months ended June 30, 2014, $2,604 other expense, net is comprised primarily of $31,463 write off of accrued legal expense from prior years resulting from resolution of overbilling as identified by Company, $5,144 royalty income on licensed patents, $24,486 loss on disposal of fixed assets, $14,850 loss on convertible debenture settlement, and $125 other income, net of individually insignificant items.