CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2013

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Cash, Cash Equivalents, and Short-term Investments [Text Block]

3. CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Cash, cash equivalents and short-term investments consisted of the following:

	As of December 31,				(Decrease)
	2013		2012		Increase
Cash and cash equivalents	$	2,270,385	$	2,673,719	$	(403,334)
Short-term investments		2,985,000		2,240,000		745,000
Total	$	5,255,385	$	4,913,719	$	341,666