INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2015

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,
	2015		2014
Patents	$	1,630,000	$	1,630,000
Capitalized license costs		200,000		200,000
Software		203,890		203,038
Intangible assets		2,033,890		2,033,038
Less: Accumulated amortization		(211,562)		(112,393)
Total intangible assets, net	$	1,822,328	$	1,920,645

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

Future estimated amortization expenses as of June 30, 2015 for the five succeeding years are as follows:

For the Year Ending December 31,	Amounts
2015 (includes the remainder of the year)	$	107,030
2016		227,130
2017		198,628
2018		169,934
2019		169,015
Thereafter		950,591
	$	1,822,328