STOCKHOLDERS' DEFICIENCY (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following assumptions were used in estimating the fair value of stock options granted during the years ended December 31, 2013 and 2012:

	2013			2012

Weighted Average Exercise Price	$	0.37		$	1.62
Expected Life		2 years			2-5 years
Volatility		125.0	%		50.0	%
Dividend Yield		0	%		0	%
Risk-free interest rate		0.30% - 1.62	%		0.41	%
Weighted Average Grant Date Fair Value of Options Issued	$	0.37		$	1.70

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

A summary of the Company’s options outstanding and exercisable is presented below:

			Weighted
			Average
		Weighted	Remaining
		Average	Contractual	Aggregate
	Number of	Exercise	Life	Intrinsic
	Shares	Price	(Years)	Value
Balance – January 1, 2012	-	-	-
Granted	2,000,000	1.62	5.18
Exercised	-
Cancelled	-
Balance – December 31, 2012	2,000,000	1.62	5.18	$	—
Granted	75,000	0.37	4.48
Exercised	-
Cancelled	1,262,500	1.57	-
Balance – December 31, 2013	812,500	1.58	3.04	$	—
Balance – December 31, 2013 (exercisable)	737,500	1.70	2.89	$	—

Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes the Company’s warrant activity through December 31, 2013:

				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
	Number of	Exercise		Life	Intrinsic
	Shares	Price		(Years)	Value

Warrants outstanding at January 1, 2012	2,320,000	$	1.00	2.96
Granted	309,900	$	1.00	3.78

Warrants outstanding at December 31, 2012	2,629,900	$	1.00	3.06

Granted	7,800,000	$	1.00	4.43
Expired	—		—	—
Exercised	—		—	—

Warrants outstanding at December 31, 2013	10,429,900	$	1.00	4.08	$	—
Warrants outstanding at December 31, 2013 (exercisable)	10,429,900	$	1.00	4.08	$	—

Series B Preferred Stock [Member]

Stockholders Equity Note [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of these warrants on the issuance date was calculated using a compound option model that includes characteristics of both a binomial lattice and the Black-Scholes formula with the following weighted average assumptions:

Dividend Yield		0.00	%
Volatility		95.00	%
Risk-free Interest Rate		0.66-0.72	%
Expected Lives		4.78 years
Weighted Average Fair Value per Warrant		0.25	%
Warrants Issued		309,900
Aggregate Grant Date Fair Value	$	83,673

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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