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NET LOSS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-months and six-months ended June 30, 2016 and 2015 because the effect of them would be anti-dilutive since the Company recorded net losses for both periods:
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Options to purchase common stock
 
 
5,911,359
 
 
4,312,409
 
 
5,911,359
 
 
4,312,409
 
Warrants to purchase common stock
 
 
6,033,426
 
 
9,644,423
 
 
6,033,426
 
 
9,644,423
 
Total
 
 
11,944,785
 
 
13,956,832
 
 
11,944,785
 
 
13,956,832