ACCOUNTING STANDARDS (Tables)

3 Months Ended

Mar. 31, 2018

Revenue, Initial Application Period Cumulative Effect Transition [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The cumulative effect of the changes made to the Company's consolidated December 31, 2017 balance sheet for the adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606) was as follows:



Balance Sheet	Balance at December 30, 2017			Adjustments due to ASC 606			Balance at December 31, 2017
Assets
Contract assets and unbilled receivables	$	704,863		$	2,850,274		$	3,555,137
Inventory	5,080,797			(1,082,629		)	3,998,168
Other assets	3,842,068			400,000			4,242,068

Liabilities
Contract liabilities and billings in excess of revenue earned	896,479			(891,737		)	4,742

Stockholders’ equity
Accumulated Deficit	$	(240,121,901	)	$	3,059,382		$	(237,062,519	)

In accordance with the new revenue standard requirements, the impact of adoption on the Company's condensed consolidated statement of operations and condensed balance sheets was as follows:



	For the period ended March 31, 2018
Statement of Operations	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
Net product revenues	$	5,044,809		$	6,505,343		$	(1,460,534	)
Research and development revenues	608,811			695,355			(86,544		)
Cost of product revenues	4,062,191			5,069,765			(1,007,574		)
Net loss attributable to the controlling interest	$	(5,536,278	)	$	(4,996,773	)	$	(539,505	)



	For the period ended March 31, 2018
Balance Sheet	As Reported			Balances Without Adoption of ASC 606			Effect of Change Higher/(Lower)
Assets
Contract assets and unbilled receivables	$	2,479,062		$	1,089,322		$	1,389,740
Inventory	3,773,305			3,848,359			(75,054		)
Other assets	4,194,219			3,794,219			400,000

Liabilities
Contract liabilities and billings in excess of revenue earned	384,073			1,189,266			(805,193		)

Stockholders’ equity
Accumulated deficit	$	(242,598,797	)	$	(245,082,132	)	$	2,483,335