INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Intangible assets consisted of the following:

	March 31,		December 31,
	2015		2014
Patents	$	1,630,000	$	1,630,000
Capitalized license costs		200,000		200,000
Software		214,212		203,038
Intangible assets		2,044,212		2,033,038
Less: Accumulated amortization		(166,457)		(112,393)
Total intangible assets, net	$	1,877,755	$	1,920,645

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

Future estimated amortization expenses as of March 31, 2015 for the five succeeding years is as follows:

For the Year Ending December 31,	Amounts
2015 (includes the remainder of the year)	$	163,126
2016		228,529
2017		197,168
2018		169,325
2019		169,015
Thereafter		950,592
	$	1,877,755