DERIVATIVE WARRANT LIABILITY (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The underlying assumptions used in our value of the derivative warrant liability at March 31, 2015 were:

	Three Months Ended March 31, 2015 (unaudited)
Risk-free interest rate	0.56	%
Expected dividend yield	—	%
Expected term (in years)	1.81 years
Expected volatility	135	%
Early exercise factor	1.33

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

Changes in the derivative warrant liability for the three-months ended March 31, 2015 and 2014 are as follows:

	2015			2014
Balance at beginning of period	3,893,904			—
Fair value of warrants issued				$	1,368,908
Increase in derivative liability resulting from anti-dilution provision in agreement, with Full Circle				153,994
Increase (decrease) in the fair value of warrant liability, net	22,233			(375,262		)
Reclassification to APIC for shares issued for Full Circle as a result of cashlessly exercise of 1,250,000 warrants	(3,314,520		)
Balance at end of period	$	601,617		$	1,147,640

Derivative Instruments, Gain (Loss) [Table Text Block]

Change in Aggregate Loss on Derivative Liability	2015		2014
Beginning balance at beginning of period	3,393,904		$	—
Initial loss on recognition of derivative liability			868,908
Loss (gain) in estimated fair market value	22,233		$	(221,268	)
Reclassification to APIC for shares issued for Full Circle as a result of cashlessly exercise of 1,250,000 warrants	(3,314,520	)
Balance at end of period	101,617		$	647,640