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EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of Statutory Surplus Reserve Activity [Table Text Block]

For the years ended December 31, 2016, 2015, and 2014, statutory surplus reserve activity was as follows:

		December 31,
		2016				2015				2014
Balance – beginning of year		$	76,260			$	76,260			$	76,260
Addition to statutory reserves			-				-				-
Deduction to statutory reserves			(76,260	)			-				-
Balance – end of year		$	-			$	76,260			$	76,260

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

The Company valued the stock options using the Black-Scholes model with the following assumptions:

								Grant Date
Expected		Expected		Dividend		Risk Free		Fair Value
Terms (years)		Volatility		Yield		Interest Rate		Per share
5-5.75		126%-228%		0%		0.73%-1.65%		$1.22-$5.15

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following is a summary of the option activity:

Stock options		Shares				Weighted average exercise price				Aggregate intrinsic value
Outstanding as of December 31, 2014			408,000			$	2.89			$	-
Granted			349,000
Forfeited			(12,000	)
Exercised			(25,000	)
Outstanding as of December 31, 2015			720,000			$	2.36			$	-
Granted			580,867
Forfeited			(56,000	)
Exercised			(7,000	)
Outstanding as of December 31, 2016			1,237,867			$	2.17			$	-

Schedule of Share-based Compensation Shares Authorized Under Stock Option Plans by Exercise Price Range [Table Text Block]

Following is a summary of the status of options outstanding and exercisable at December 31, 2016:

Outstanding options												Exercisable options
Average exercise price				Number				Average remaining contractual life(years)				Average exercise price				Number				Average remaining contractual life(years)
$	1.45				128,000				-			$	1.45				128,000				-
$	2.3				94,000				1.77			$	2.3				56,400				1.77
$	5.31				131,000				2.64			$	5.31				52,400				2.64
$	1.64				324,000				0.60			$	1.64				162,000				0.60
$	1.88				560,867				1.22			$	1.88				-				1.22

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Tabular disclosure of share-based compensation, shares authorized under stock option plans, by exercise price range.

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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