SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 21 – SUBSEQUENT EVENTS

Effective as of March 2, 2014, Mr. Jeffrey M. Jagid resigned from his position as Chief Executive Officer of the Company and as Chairman of the Company's Board of Directors (the "Board"). Following Mr. Jagid's resignation, the Board appointed Kenneth S. Ehrman, Interim Chief Executive Officer of the Company.

On March 21, 2014, Mr. Jagid resigned from the Board and entered into a Separation and General Release Agreement (the “Separation Agreement”) with the Company. Under the terms of the Separation Agreement, in exchange for a general release of claims and certain restrictive covenants, the Company has agreed to pay Mr. Jagid eighteen (18) months’ base salary, one-third of which will be paid to Mr. Jagid on March 31, 2014, and the remainder of which will be paid over eighteen (18) months in accordance with the Company’s normal payroll practices. In addition, the vesting of Mr. Jagid’s unvested stock options and restricted stock awards will be accelerated, and Mr. Jagid will have fifteen (15) months to exercise his stock options.