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NET LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation Of Denominators Used In Computation [Table Text Block]
The following table presents a reconciliation of the denominators used in the computation of net los

 

 

Year ended December 31,

 

 

2015

 

2014

Net loss

$

(8,786,277)

$

(6,930,139)

Weighted average outstanding shares of common stock

 

14,017,095

 

13,462,396

Dilutive effect of stock options and warrants

 

--

 

--

Common stock and equivalents

 

14,017,095

 

13,462,396

 

 

 

 

 

Net loss per share – Basic and diluted

$

(0.63)

$

(0.51)

Dilutive effect on earnings per share [Table Text Block]
Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a

 

 

December 31,

 

 

2015

 

2014

Common stock upon conversion of debt

 

31,661

 

330,000

Stock options

 

2,509,000

 

--

Warrants

 

1,822,700

 

3,165,700

Stock payable

 

630,000

 

350,000

 

 

4,993,361

 

3,845,700