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LOSS PER SHARE (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Earnings Per Share [Abstract]    
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table presents the shares used in the basic and diluted loss per common share computations:
 
 
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
  
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Net loss available in basic and diluted calculation
 
$
(1,115,221
) 
 
$
(3,974,903
) 
 
$
(4,468,170
) 
 
$
(7,251,965
) 
Denominator:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Weighted average common shares
outstanding-basic
 
 
259,899
 
 
 
1,821,006
 
 
 
2,052,709
 
 
 
1,687,625
 
Effect of diluted stock options and warrants(1)
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Weighted average common shares
outstanding-basic
 
 
2,984,335
 
 
 
1,821,006
 
 
 
2,967,483
 
 
 
1,687,625
 
Loss per common share-basic and diluted
 
$
(0.37
) 
 
$
(2.18
) 
 
$
(1.51
) 
 
$
(4.30
) 
 
(1)
The number of shares underlying options and warrants outstanding as of September 30, 2014 and September 30, 2013 are 945,220 and 861,287 respectively. The effect of the shares that would be issued upon exercise of such options and warrants has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.

The following table presents the shares used in the basic and diluted loss per common share computations:
 
 
 
 
 
Year Ended December 31,
 
From
April 23, 2002 (Inception) To December 31, 2013
  
 
2013
 
2012
Numerator:
 
 
  
 
 
 
  
 
Net loss available in basic and diluted calculation
 
$
(9,406,304
) 
 
$
(7,422,155
) 
 
$
(28,697,415
) 
Denominator:
 
 
  
 
 
 
  
 
Weighted average common shares
outstanding-basic
 
 
2,026,115
 
 
 
927,838
 
 
 
996,362
 
Effect of dilutive stock options and warrants(1)
 
 
—
 
 
 
—
 
 
 
—
 
Weighted average common shares
outstanding-diluted
 
 
2,026,115
 
 
 
927,838
 
 
 
996,362
 
Loss per common share-basic and diluted
 
$
(4.64
) 
 
$
(8.00
) 
 
$
(28.80
) 
 
(1)
The number of shares underlying options and warrants outstanding as of December 31, 2013 and December 31, 2012 are 847,777 and 637,277, respectively. The effect of the shares that would be issued upon exercise of such options and warrants has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.