DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

During the year ended December 31, 2015 the Company completed its obligations under the Purchase Agreement with the NRL and recognized a loss on disposal of assets of $670,943 within discontinued operations as detailed below:

	Year Ended December 31, 2015
Proceeds recognized pursuant to Stock Purchase Agreement	$	50,000
Investment in NRL		11,728
Less carrying value of assets sold and liabilities assumed:
Accounts receivable		(923,266)
Intangible assets		(20,949)
Property and equipment		(314,628)
Other assets		(62,854)
Liabilities assumed by buyer		589,026
Net loss on disposal of assets	$	670,943

Disposal of Consolidate Statements of Operations and Comprehensive Loss [Table Text Block]

The results of the NRLBH are disclosed as discontinued operations in the Company’s Consolidated Statements of Operations and Comprehensive Loss for all periods presented:

	For the Years Ended December 31,
	2015		2014
Revenue	$	5,523,116	$	485,816
Cost of revenue		(3,539,134)		(340,658)
Gross profit		1,983,982		145,158
Expenses:
Selling expenses		(1,303,425)		(575,775)
Research and development expenses		(1,012,392)		(1,467,136)
General and administrative expenses		(1,665,840)		(573,637)
Loss on disposal		(670,943)		-
Exit and disposal expenses		(399,399)		-
Other (income) expense, net		65,881		(15,768)
Net loss from discontinued operations	$	(3,002,136)	$	(2,487,158)

Disposal of Assets and Liabilities Discontinued Operations [Table Text Block]

The assets and liabilities of the NRLBH are presented as held for disposal in the Consolidated Balance Sheet as of December 31, 2014. There were no assets and liabilities recorded in discontinued operations as of December 31, 2015. The carrying amount of assets and liabilities are as follows:

	December 31, 2014
Accounts receivable	$	297,958
Prepaid expenses		53,243
Inventory		30,511
Property and equipment, net		220,839
Intangible assets, net		33,688
Assets of discontinued operations	$	636,239
Accounts payable	$	81,312
Accrued expenses		190,735
Payroll liabilities		96,964
Lease obligations		125,241
Liabilities of discontinued operations	$	494,252