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SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
Numerator:
Net (loss) income		$	(1,101,067)		$	(918,576)		$	(2,010,751)		$	(1,839,604)
Denominator:
Weighted average common shares – basic			39,202,643			27,795,594			37,338,036			27,759,931
Dilutive effect of equity incentive plans			-			-			-			-
Weighted average common shares – diluted			39,202,643			27,795,594			37,338,036			27,759,931
Net (loss) income per share
Basic		$	(0.03)		$	(0.03)		$	(0.05)		$	(0.07)
Diluted		$	(0.03)		$	(0.03)		$	(0.05)		$	(0.07)

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:

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
Warrants			506,909			-			418,192			-
Stock options			299,486			504,205			299,486			504,205
			806,395			504,205			717,678			504,205

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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