INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Intangible assets consisted of the following:

	June 30,		December 31,
	2013		2012
Patents	$	4,704,853	$	4,704,853
Software		58,966		50,466
Less: Accumulated amortization		(306,200)		(115,095)
	$	4,457,619	$	4,640,224

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Future estimated amortization expenses as of June 30, 2013 for the five succeeding years is as follows: 

As of June 30,	Amounts
2013	$	382,683
2014		366,022
2015		364,681
2016		363,028
2017		363,028
Thereafter		2,618,177
	$	4,457,619