INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2014

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,
	2014		2013
Patents	$	4,794,853	$	4,794,853
Capitalized license costs		200,000		-
Software		176,280		105,839
Less: Accumulated amortization		(716,948)		(505,059)
	$	4,454,185	$	4,395,633

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

  Future estimated amortization expenses as of June 30, 2014 for the five succeeding years is as follows:

For the Year Ending December 31,	Amounts
2014 (includes the remainder of the year)	$	212,137
2015		435,692
2016		428,431
2017		411,600
2018		393,990
Thereafter		2,572,335
	$	4,454,185