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WARRANTS (Tables) | 6 Months Ended
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Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Warrants [Table Text Block] | The fair value of the outstanding warrants at June 30, 2014 was calculated using the Black Scholes Model with the following assumptions:
Market price per share (USD/share) |  |  | 5.55 |
Exercise price (USD/share) |  |  | $4.00, $9.60, $10.00,$11.86 |
Risk free rate |  |  | 0.69%, 0.09%, 0.09%,0.77% |
Dividend yield |  |  | - |
Expected term/Contractual life (years) |  |  | 2.53, 0.81, 0.81,3.15 |
Expected volatility |  |  | 150.76%,89.48%,89.48%,170.06% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following table sets forth by level within the fair value hierarchy our financial instruments that are measured at fair value on a recurring basis:
|  | Carrying Value at June 30, 2014 |  | Fair Value Measurement at June 30, 2014 |
|  |  |  |  | Level 1 |  | Level 2 |  | Level 3 |
Warrants liability |  | $ | 1,891,397 |  | $ | - |  | $ | 1,891,397 |  | $ | - |
|  | Carrying Value at December 31, 2013 |  | Fair Value Measurement at December 31, 2013 |
|  |  |  |  | Level 1 |  | Level 2 |  | Level 3 |
Warrants liability |  | $ | 720,857 |  | $ | - |  | $ | 720,857 |  | $ | - |
Schedule of Warrant Activity [Table Text Block] | The following is a reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 2 inputs:
|  | June 30, 2014 |  | June 30, 2013 |
|  | US$ |  | US$ |
Beginning balance |  | 720,857 |  | 374,166 |
Warrants issued |  | 2,698,375 |  | - |
Fair value change of the issued warrants included in earnings |  | (1,527,835) |  | 4,413 |
Ending balance |  | 1,891,397 |  | 378,579 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Following is a summary of the warrants activity:
|  | Number |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |
Outstanding as of December 31, 2012 |  |  | 257,500 |  | $ | 7.66 |  |  | 2.97 |
Granted |  |  | - |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  |  |  |  |
Outstanding as of June 30, 2013 |  |  | 257,500 |  | $ | 7.66 |  |  | 2.48 |
|  | Number |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |
Outstanding as of December 31, 2013 |  |  | 257,500 |  | $ | 7.66 |  |  | 2.48 |
Granted |  |  | 293,880 |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  |  |  |  |
Outstanding as of June 30, 2014 |  |  | 551,380 |  | $ | 9.90 |  |  | 2.37 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 28 -Article 5 + Details
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