NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-month ended March 31, 2016 and 2015 because the effect of them would be anti-dilutive since the Company recorded net losses for both periods:

	Three Months Ended
	March 31,
	2016		2015
Options to purchase common stock		3,201,720		4,354,418
Warrants to purchase common stock		6,033,426		6,033,426
		9,235,146		10,387,844