INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016		2015
Patents	$	1,630,000	$	1,630,000
Capitalized license costs		-		200,000
Software		113,540		113,540
Intangible assets		1,743,540		1,943,540
Less: Accumulated amortization		(251,419)		(242,975)
Total intangible assets, net	$	1,492,121	$	1,700,565

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

Future estimated amortization expenses as of March 31, 2016 for the five succeeding years is as follows: 

For the Year Ending December 31,	Amounts
2016 (includes the remainder of the year)	$	132,710
2017		169,576
2018		149,623
2019		149,623
2020		149,623
Thereafter		740,966
	$	1,492,121