ORGANIZATION AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following are the Company’s assets and liabilities, measured at fair value on a recurring basis, as of September 30, 2016 and December 31, 2015:

			Fair Value
	Fair Value		Hierarchy
Assets
Marketable securities, September 30, 2016	$	3,600	Level 1
Marketable securities, December 31, 2015	$	3,600	Level 1
Liabilities
Derivative Liability , September 30, 2016	$	3,648,243	Level 3
Derivative Liability , December 31, 2015	$	439,361	Level 3