MERGER AND ACQUISITIONS TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the estimated fair value of consideration paid and the allocation of purchase price as of the date of acquisition (in millions). The allocation of purchase price to the fair value of tangible and intangible assets and liabilities, including the estimated useful lives of acquired assets, is provisional and remains preliminary as management continues to assess the valuation of these items and any ultimate purchase price adjustments based on the final assets and net working capital, as prescribed by the purchase agreement.

	April 16th,
	2013
	(in Millions)
Purchase Consideration:
Assumption of Debt	$	20.6
Issuance of TOT Group Stock (10%)		0.6
Total Consideration Transferred	$	21.2

Purchase Price Allocation to Identifiable assets acquired and liabilities assumed
Current Assets	$	0.9
Merchant Portfolios		4.4
Other Intangible Assets		1.0
Current Liabilities		(2.1)
Total Identifiable Net Assets		4.2
Goodwill		17.0
Total Purchase Price Allocation	$	21.2

Business Acquisition, Pro Forma Information [Table Text Block]

	December 31,2013		December 31,2012

NET Revenues	$	25,378,495	$	58,124,459

Net Loss from continuing operations	$	(41,948,056)	$	(12,083,909)