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DEBT (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Debt Disclosure [Abstract]    
Schedule of Long-term Debt Instruments [Table Text Block]
Notes Payable

 

 

September 30,

2016

 

December 31,

2015

12% September 2016 notes

$

3,000,000

$

--

10% private placement notes

 

--

 

659,000

14% mortgage note payable (The Greenhouse)

 

--

 

600,000

8.5% convertible note payable (Pueblo West Property)

 

--

 

158,307

 

 

3,000,000

 

1,417,307

Unamortized debt discount

 

(2,419,800)

 

(279,435)

 

 

580,200

 

1,137,872

Less: Current portion

 

--

 

(986,475)

Long-term portion

$

580,200

$

151,397

Notes Payable

 

 

December 31,

 

 

2015

 

2014

10.0% private placement notes

$

659,000

$

--

14.0% mortgage note payable (The Greenhouse)

 

600,000

 

600,000

12.0% convertible notes - December 2013

 

--

 

530,000

12.0% convertible notes - January 2014

 

--

 

1,120,000

8.5% convertible note payable (Pueblo West Property)

 

158,307

 

164,644

 

 

1,417,307

 

2,414,644

Unamortized debt discount

 

(279,435)

 

(1,352,510)

 

 

1,137,872

 

1,062,134

Less: Current portion

 

(986,475)

 

(6,337)

Long-term portion

$

151,397

$

1,055,797

Schedule of Maturities of Long-term Debt [Table Text Block]
Annual maturities of long-term debt (excluding unamortized discount) for the next three years, consist of:

Year ending December 31,

 

 

2016

$

--

2017

 

--

2018

 

3,000,000

 

$

3,000,000

Year ending December 31,

 

 

2016

$

1,265,910

2017

 

7,507

2018

 

143,890

 

$

1,417,307