CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash, Cash Equivalents and Short-term Investments [Table Text Block]

Cash, cash equivalents and short-term investments consisted of the following:

	As of June 30, 2013		As of December 31, 2012		(Decrease) Increase
Cash and cash equivalents	$	2,440,227	$	2,673,719	$	(233,492)
Short-term investments		3,236,000		2,240,000		996,000
Total	$	5,676,227	$	4,913,719	$	762,508