ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

At December 31, accrued expenses consist of the following:

	2014		2013
Payroll and related costs	$	2,019	$	2,446
Royalties		80,572		421,963
Stock price guarantee (see Note 9)		554,732		-
Other		36,696		14,539
Total	$	674,019	$	438,948