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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The calculation of diluted net loss per share excludes all anti-dilutive shares.
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
Net Loss
 
$
(1,302,113)
 
$
(909,684)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares – basic
 
 
9,057,326
 
 
4,431,589
 
Dilutive effect of equity incentive plans
 
 
-
 
 
-
 
Weighted average common shares – diluted
 
 
9,057,326
 
 
4,431,589
 
 
 
 
 
 
 
 
 
Net Loss per share
 
 
 
 
 
 
 
Basic
 
$
(0.14)
 
$
(0.21)
 
Diluted
 
$
(0.14)
 
$
(0.21)
 
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
The following table summarizes the common stock equivalents excluded from income (loss) per diluted share because their effect would be anti-dilutive:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2015
 
2014
 
Stock options
 
 
258,654
 
 
37,436
 
Restricted stock
 
 
40,620
 
 
-
 
Warrants
 
 
64,981
 
 
48,625
 
 
 
 
364,255
 
 
86,061