STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2019

STOCKHOLDERS' EQUITY (Tables) [Line Items]

Share-based expense [Table Text Block]

Share-based compensation expense consisted of the following:

		Three months ended March 31,
		2019		2018
Employee Awards	$	1,298,845	$	723,085
Consulting Awards		9,777		–
Feinsod Agreement		183,874		1,035,486
	$	1,492,496	$	1,758,571

Share-based Payment Arrangement, Activity [Table Text Block]

The following summarizes Employee Awards activity:

	Number of Shares		Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding at December 31, 2018	9,173,380	$	1.68
Granted	538,380		2.37
Forfeited or expired	(28,360)		2.55
Outstanding at March 31, 2019	9,683,400		1.72	5.7	$	5,721,000
Exercisable at March 31, 2019	7,571,855	$	1.27	6.1	$	5,713,000

	Number of Shares		Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding at December 31, 2018	50,000	$	2.53
Granted	25,000		2.37
Outstanding and exercisable at March 31, 2019	75,000	$	2.48	0.7	$	8,500

	Number of Shares		Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding and exercisable at March 31, 2019	5,992,214	$	2.26	1.1	$	316,820

Employee Awards [Member]

STOCKHOLDERS' EQUITY (Tables) [Line Items]

Defined Benefit Plan, Assumptions [Table Text Block]

The following summarizes the Black-Scholes assumptions used for Employee Awards granted during the three months ended March 31, 2019:

Exercise price	$	2.37
Stock price on date of grant	$	2.37
Volatility		130%
Risk-free interest rate		2.60%
Expected life (years)		3.0
Dividend yield		–

Exercise price	$	2.37
Stock price, date of valuation	$	2.37
Volatility		130%
Risk-free interest rate		2.60%
Expected life (years)		5.0
Dividend yield		–