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ACCRUED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2017
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
The following table details the items comprising the balances outstanding at March 31, 2017 and December 31, 2016.
 
 
 
March 31,
2017
 
December 31,
2016
 
Accrued professional fees
 
$
317,033
 
$
220,140
 
PayOnline accrual
 
 
3,509,256
 
 
3,784,451
 
Accrued interest
 
 
148,854
 
 
183,778
 
Accrued bonus
 
 
1,130,511
 
 
774,485
 
Accrued franchise taxes
 
 
-
 
 
180,000
 
Accrued foreign taxes
 
 
135,684
 
 
131,810
 
Short term loan advances
 
 
80,397
 
 
174,376
 
Other accrued expenses
 
 
45,152
 
 
69,783
 
 
 
$
5,366,887
 
$
5,518,823