ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2016

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Current Liabilities [Table Text Block]

Accrued expenses consist of the following as of December 31, 2016 and 2015:

	2016		2015
Accrued interest	$	549,909	$	529,015
Other accruals		42,712		25,819
Total	$	592,621	$	554,834