SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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

	December 31, 2012
Annual dividends		0
Expected volatility		40% - 75%
Risk-free interest rate		0.75	%
Expected life		2 years

Schedule of Future Amortization Expense on Share-based Compensation [Table Text Block]

	Number of Share		Weighted Average Fair Value		Prepaid Amount
Share-based compensation outstanding at January 1, 2011		910,644	$	0.22	$	166,333
Granted		180,000	$	4.00	$	720,000
Cancelled		—		—		—
Forfeited/Amortized		—		—	$	(399,800	)
Share-based compensation outstanding at January 1, 2012		1,090,644	$	0.84	$	486,533
Granted		—		—		—
Cancelled		—		—		—
Forfeited/Amortized		—		—	$	(486,533	)
Share-based compensation outstanding at December 31, 2012		1,090,644	$	0.84		—