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ISSUANCE OF COMMON STOCK
 3 Months Ended
Mar. 31, 2014
Stockholders Equity Note [Abstract]  
Stockholders Equity Note Disclosure [Text Block]
7. ISSUANCE OF COMMON STOCK
 
On January 14, 2014, the Company completed a public offering of 8,947,000 shares of common stock at a price to the public of $0.45 per share. The number of shares the Company sold includes the underwriters’ full exercise of their over-allotment option of 1,167,000 shares. Net proceeds to the Company from the offering, before expenses, were approximately $3,644,000. The underwriter received a warrant to purchase 389,000 shares of common stock, at the price of $0.56 (125% of the price of the shares sold in the offering), which will be exercisable one year after the date of the offering and will expire on the fifth anniversary of that offering.