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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The calculation of diluted net income (loss) per share excludes all anti-dilutive shares.
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
Net Loss
 
$
(909,684)
 
$
(921,028)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares – basic
 
 
35,452,711
 
 
27,724,267
 
Dilutive effect of equity incentive plans
 
 
-
 
 
-
 
Weighted average common shares – diluted
 
 
35,452,711
 
 
27,724,267
 
 
 
 
 
 
 
 
 
Net Loss per share
 
 
 
 
 
 
 
Basic
 
$
(0.03)
 
$
(0.03)
 
Diluted
 
$
(0.03)
 
$
(0.03)
 
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
The following table summarizes the common stock equivalents excluded from income (loss) per diluted share because their effect would be anti-dilutive because the exercise prices of these common stock equivalents exceeded the average market price of the Company’s common stock:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
Stock options
 
 
299,486
 
 
627,405
 
Warrants
 
 
389,000
 
 
-
 
 
 
 
688,486
 
 
627,405