FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]

The following tables provide the fair value measurements of applicable financial liabilities as of September 30, 2015 and December 31, 2014:

	Financial liabilities at fair value
	as of September 30, 2015
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	181,668	$	181,668
Totals	$	—	$	—	$	181,668	$	181,668

	Financial liabilities at fair value
	as of December 31, 2014
	Level 1		Level 2		Level 3		Total
5% Notes	$	—	$	—	$	275,190	$	275,190
Totals	$	—	$	—	$	275,190	$	275,190

Change In Level Three Fair Value During Period [Table Text Block]

The following table summarizes the changes in Level 3 instruments during the nine months ended September 30, 2015:

Fair value at December 31, 2014	$	275,190
Interest accrued on face value of 5% Notes		730,710
Change in fair value of Level 3 liabilities		(824,232)
Fair value at September 30, 2015	$	181,668