INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015		2014
Patents	$	1,630,000	$	1,630,000
Capitalized license costs		200,000		200,000
Software		113,540		112,688
Intangible assets		1,943,540		1,942,688
Less: accumulated amortization		(242,975)		(55,730)
Total intangible assets, net	$	1,700,565	$	1,886,958

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

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

Years Ending December 31,	Amounts
2016	$	216,110
2017		195,224
2018		169,623
2019		169,015
2020		169,015
Thereafter		781,578
	$	1,700,565