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FIXED ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Fixed assets are stated at cost less accumulated depreciation and amortization as follows:
 
 
 
 
Useful life
(in years)
 
December 31,
2013
 
December 31,
2012 (as
restated)
 
Furniture and equipment
 
 
3 - 10
 
$
236,432
 
$
325,522
 
Computers
 
 
2 - 5
 
 
254,280
 
 
283,513
 
Leasehold improvements*
 
 
 
 
 
-
 
 
19,956
 
Total
 
 
 
 
 
490,712
 
 
628,991
 
 
 
 
 
 
 
 
 
 
 
 
Less: Accumulated depreciation
 
 
 
 
 
(353,445)
 
 
(367,232)
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed assets, net
 
 
 
 
$
137,267
 
$
261,759
 
 
* Leasehold improvements are amortized over the shorter of the economic usefull life or the lease term.