STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following tables summarize the changes in outstanding shares of the Company’s common stock during the nine months ended September 30, 2015:

		Transaction Value	Number of Shares
December 31, 2014			12,499,933
Issued for services	$	114,693	50,000
Issued to Infinity Capital upon uplisting of the Company’s stock		2,966,500	1,000,000
Issued to Full Circle via cashless exercises		3,683,270	760,263
Issued to Full Circle for cash consideration		86,171	25,000
Issued in settlement of converted 12% Convertible Notes and accrued interest		321,123	64,225
September 30, 2015			14,399,421

Schedule of Assumptions Used [Table Text Block]

Exercise price	$ 2.10 – 3.75
Stock price on date of grant	$ 3.70 -- 3.75
Volatility	126 – 133 %
Risk-free interest rate	1.0 – 1.1 %
Expected option life (years)	3.0 – 10.0
Dividend yield	--

The fair value of each warrant grant is estimated using Black-Scholes.  We use historical data to estimate the expected price volatility.  The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant for the estimated life of the option.  The following summarizes the Black-Scholes assumptions used for Consulting Awards granted during the nine months ended September 30, 2015:

	Grant Date	September 30, 2015
Volatility	125 – 170 %	154 %
Risk-free interest rate	0.5 – 1.1 %	0.6 %
Expected option life (years)	2.0 – 3.0	2.0 – 3.0
Dividend yield	--	--

The following summarizes the Black-Scholes assumptions used for IPG Warrants:

Volatility	134 %
Risk-free interest rate	1.0 %
Expected option life (years)	3.0
Dividend yield	--

Warrants with Debt

The fair value of each warrant grant is estimated using Black-Scholes.  We use historical data to estimate the expected price volatility.  The risk-free interest rate is based on the United States Treasury yield curve in effect at the time of grant for the estimated life of the option.  The following summarizes the Black-Scholes assumptions used for warrants granted for debt during the nine months ended September 30, 2015:

Volatility	127 – 132 %
Risk-free interest rate	0.4 – 0.5 %
Expected option life (years)	1.5
Dividend yield	--

Schedule of Stock Options Roll Forward [Table Text Block]

Common Stock

The following summarizes Employee Awards activity:

	Number of Shares	Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2014	--
Granted	1,017,500	$  2.99	3.8
Outstanding at September 30, 2015	1,017,500	$  2.99	3.8	$ --
Exercisable at September 30, 2015	397,500	$  3.02	3.7	$ --

 s activity:

	Number of Shares	Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2014	150,000	$  4.40	1.2	$  --
Granted	65,000	$  3.03	2.0
Outstanding at September 30, 2015	215,000	$  3.99	1.5	$  --
Exercisable at September 30, 2015	150,000	$  4.40	1.2	$  --

The following summarizes warrants issued with debt activity:

	Number of Shares	Weighted-average Exercise Price per Share	Weighted-average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2014	600,000	$  4.40	1.1
Cancelled	(600,000)	$  4.40	1.1
Granted	554,500	$  1.13	1.2
Outstanding at September 30, 2015	554,500	$  1.13	1.2	$  16,475
Exercisable at September 30, 2015	554,500	$  1.13	1.2	$  16,475

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