DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

		December 31,
		2017		2016
12% Notes	$	1,621,250	$	2,750,000
Unamortized debt discount		(443,917)		(1,500,467)
		1,177,333		1,249,533
Less: Current portion		(1,177,333)		–
Long-term portion	$	–	$	1,249,533

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

For purposes of determining the loss on extinguishment and the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the warrant as of September 21, 2016, were:

Current stock price	$	1.20
Risk-free interest rate		0.92 %
Expected dividend yield		–
Expected term (in years)		3.0
Expected volatility		146%
Number of iterations		5

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The fair value of the 12% Warrants, recorded as additional paid in capital, was allocated as follows:

Extinguishment of debt	$	1,715,000
Debt discount		1,855,000
	$	3,570,000