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SHAREHOLDERS’ (DEFICIT) EQUITY (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

 

  Options Outstanding     Options Exercisable  
  Exercise Prices

 

 

 

 

Number of shares      Weighted Average Remaining contractual Life (In Years)     Number of shares     Weighted Average Remaining contractual Life (In Years)  
  $ 0.98   52,500       4.93       52,500     4.93  
  $ 3.30       37,500       8.75       37,500       8.75  
  $ 3.50       31,477       9.76       10,492       9.76  
  $ 4.10       143,700       9.23       67,900        9.23  
  $ 72.50       5,000       2.86       5,000       2.86  
            270,177       8.27       173,392       7.67  

 

Summary of all stock option plans during the year ended December 31, 2018 is as follows:

 

    Number of Shares

 

 

 

 

Weighted Average Price     Weighted Average Remaining Contractual Life (In Years)     Aggregate Intrinsic Value  
Options exercisable at January 1, 2018     95,000 $ 5.66                  
Granted     215,177       4.01                  
Cancelled     (16,667)       4.10                  
Expired     (23,333)       4.10                  
Options outstanding at December 31, 2018     270,177     $ 4.58     8.27     $ 112,088    
Options exercisable at December 31, 2018     173,392     $ 4.92     7.67     $ 112,088    

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    2018      
Expected term (based upon historical experience)   5.6 years      
Expected volatility   218 %      
Expected dividends   None      
Risk free interest rate   2.68 %      
Warrant [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Number of Shares Subject to Warrants Outstanding     Weighted Average Exercise Price  
Warrants outstanding - January 1, 2018     34,425     $ 0.87  
Granted     -     $ -  
Exercised     -     $ -  
Warrants outstanding and exercisable - December 31, 2018     34,425     $ 0.87  

 

Weighted average remaining contractual life of the outstanding warrants in years

    3.0 years          
Non Qualified Stock Option 2018 Plan [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Number of shares     Weighted average exercise price per share  
Options outstanding at January 1, 2018     36,000     $ 0.98  
Granted     -       -  
Cancelled     -       -  
Exercised     -       -  
Options outstanding at December 31, 2018     36,000     $ 0.98  
Non Qualified Stock Option 2012 Plan [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Number of shares     Weighted average exercise price per share  
Options outstanding at January 1, 2018     36,000     $ 0.98  
Granted     -       -  
Cancelled     -       -  
Exercised     -       -  
Options outstanding at December 31, 2018     36,000     $ 0.98  
Non Qualified Stock Option 2011 Plan [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Number of shares     Weighted average exercise price per share  
Options outstanding at January 1, 2018     43,000     $ 3.00  
Granted     -       -  
Cancelled     -       -  
Exercised     -       -  
Options outstanding at December 31, 2018     43,000     $ 3.00