INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Intangible assets consisted of the following:

	December 31,		December 31,
	2014		2013
Patents	$	1,630,000	$	4,794,853
Capitalized license costs		200,000		-
Software		203,038		105,839
Intangible assets		2,033,038		4,900,692
Less: accumulated amortization		(112,393)		(505,059)
Total intangible assets, net	$	1,920,645	$	4,395,633

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

Future estimated amortization expenses as of December 31, 2014 for the five succeeding years and thereafter is as follows:

As of December 31,		Amounts
2015	$	213,776
2016		224,804
2017		193,443
2018		169,015
2019		169,015
Thereafter		950,592
	$	1,920,645