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

3 Months Ended

Mar. 31, 2014

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

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

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

	As of March 31, 2014		As of December 31, 2013		(Decrease) Increase
Cash and cash equivalents	$	2,239,731	$	2,270,385	$	(30,654)
Short-term investments		2,736,000		2,985,000		(249,000)
Subtotal		4,975,731		5,255,385		(279,654)
Long-term investments		496,000		—		496,000
Total	$	5,471,731	$	5,255,385	$	216,346