BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 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 purchase price allocation is as follows:

Intangible assets:
Customer relationship intangible	$	1,000,000
Marketing-related intangibles		200,000
Non-compete agreements		500,000
Goodwill		187,000
	$	1,887,000

Acquisition

		Year ended December 31,
		2015 (Unaudited)		2014 (Unaudited)
Total net revenues	$	2,132,724	$	921,931
Net loss		(8,733,016)		(6,816,227)
Net loss per common share:
Basic and diluted	$	(0.60)	$	(0.49)

Agregate consideration

The aggregate consideration was as follows:

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

Preliminary purchase price allocation

The purchase price allocation is as follows:

Inventory	$	12,249
Intangible assets – Chiefton brand and graphic designs		69,400
	$	81,649