STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table presents the automatic additions to the 2010 Plan since inception pursuant to the “evergreen” terms of the 2010 Plan:

	Number of
January 1,	shares
2012		450,275
2013		516,774
2014		742,973
2015		983,362
2016		1,306,290
Total additional shares		3,999,674

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Options issued and outstanding as of March 31, 2016 and their activities during the three months ended are as follows:

					Weighted-
					Average
			Weighted-		Contractual
			Average		Life
	Number of		Exercise		Remaining
	Underlying		Price Per		in		Aggregate
	Shares		Share		Years		Intrinsic Value
Outstanding as of January 1, 2016		3,613,944	$	2.40			$	-
Granted		-		-				-
Forfeited		(412,224)		1.51				-
Outstanding as of  March 31, 2016		3,201,720		2.51		8.07	$	-
Exercisable as of  March 31, 2016		1,724,319		3.17		7.56	$	-
Vested and expected to vest (1)		3,044,186	$	2.56		8.02	$	-