WARRANT DERIVATIVE LIABILITY (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure Text Block Supplement [Abstract]

Schedule of Other Current Assets [Table Text Block]

The following are the key assumptions that were used to determine the fair value of the 2019 Warrants:

		May 31, 2019		June 30, 2019
Number of shares underlying the warrants		3,000,000		3,000,000
Fair market value of stock	$	0.95	$	0.81
Exercise price	$	1.30	$	1.30
Volatility		133%		133%
Risk-free interest rate		1.93%		1.76%
Warrant life (years)		5.00		4.92

Schedule of Derivative Instruments [Table Text Block]

The following table sets forth a summary of the changes in the fair value of the warrant derivative liability, our Level 3 financial liabilities that are measured at fair value on a recurring basis:

		Three months ended June 30,				Six months ended June 30,
		2019		2018		2019		2018
Beginning balance	$	–	$	–	$	–	$	–
Recognition of warrant derivative liability on May 31, 2019		2,416,422		–		2,416,422		–
Change in fair value of warrants derivative liability		(401,862)		–		(401,862)		–
Ending balance	$	2,014,560	$	–	$	2,014,560	$	–