BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The aggregate consideration was as follows:

Common stock payable	$	1,054,000
Warrants issued with $4.50 exercise price		421,000
Warrants issued with $5.00 exercise price		412,000
	$	1,887,000

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The preliminary purchase price allocation is as follows:

Intangible assets:
Customer relationship intangible	$	1,000,000
Marketing-related intangibles		200,000
Non-compete agreements		200,000
Goodwill		487,000
	$	1,887,000

Acquisition

The aggregate consideration was as follows:

Cash	$	12,249
Common stock		69,400
Aggregate consideration	$	81,649

Preliminary purchase price allocation

The preliminary purchase price allocation is as follows:

Inventory	$	12,249
Intangible assets – intellectual property		69,400
	$	81,649