XML 73 R64.htm IDEA: XBRL DOCUMENT v2.4.1.9
INCOME TAX (Reconciliation of Statutory Tax Rate to the Effective Income Tax Rate) (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
INCOME TAX [Abstract]      
Pretax income (loss) $ 2,980,426us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $ (9,796,853)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $ (2,772,307)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Federal tax rate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
Tax expense reported in the financial statements:      
Income tax expenses (benefit) computed at the ordinary tax rate 1,043,149us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate (3,428,899)us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate (970,307)us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
Non-deductible expenses 27,250us-gaap_IncomeTaxReconciliationNondeductibleExpense 21,250us-gaap_IncomeTaxReconciliationNondeductibleExpense 4,553us-gaap_IncomeTaxReconciliationNondeductibleExpense
Stock-based compensation 14,415us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost 10,570us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost 122,333us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
Amortization of warrants with down round protection (2,295,915)us-gaap_IncomeTaxReconciliationNondeductibleExpenseOther 2,324,760us-gaap_IncomeTaxReconciliationNondeductibleExpenseOther   
Tax in respect of differences in corporate tax rates 278,466us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential 253,942us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential 277,231us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential
Losses and timing differences in respect of which no deferred taxes assets were recognized 932,635us-gaap_IncomeTaxReconciliationOtherReconcilingItems 818,377us-gaap_IncomeTaxReconciliationOtherReconcilingItems 566,190us-gaap_IncomeTaxReconciliationOtherReconcilingItems
Tax expense reported in the financial statements