DEBT (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Notes Payable

		June 30, 2018		December 31, 2017
8.5% Notes	$	6,993,000	$	–
Unamortized debt discount		(4,352,739)		–
12% Notes		–		1,621,250
Unamortized debt discount		–		(443,917)
		2,640,261		1,177,333
Less: Current portion		(2,640,261)		(1,177,333)
Long-term portion	$	–	$	–

Schedule of Assumptions for Determining Debt Discount [Table Text Block]

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 8.5% Warrants as of April 2018, were:

Current stock price	$4.18
Exercise price	$2.35
Risk-free interest rate	2.46%
Expected dividend yield	–
Expected term (in years)	2.0
Expected volatility	134%
Number of iterations	5