DEBT AND LINE OF CREDIT (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

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

The Company’s Line of Credit and Debt consisted of the following as of December 31, 2014 and December 31, 2013:

	December 31, 2014		December 31, 2013
First Niagara:
Mortgage payable in equal monthly installments of $13,199 including interest at 8.25% until May 1, 2017 (“Maturity”), collateralized by the building, land and personal property(1)	$	348,000	$	452,000
Debenture financing
$523,000 in principal amount of Series A Debentures; interest at 15% per annum from August 1, 2013 through January 31, 2015, payable quarterly; maturity date of February 1, 2015(2).		523,000		634,000
Bridge Loan with Cantone Asset Management, LLC(3):
Interest rate of 15% payable upon loan maturity; maturity date of February 1, 2015.		200,000		200,000
Imperium Line of Credit: Interest payable in arrears for the preceding calendar month on the first day of each calendar month at a rate of 8% per annum plus “PIK” interest at a 2% per annum. Unused line fee equal to 2% of the maximum amount available under the line, less the aggregate amounts outstanding to Imperium, payable on the first day of each calendar month. Collateral Monitoring Fee of $2,500 due on the first day of each month. Success fee of $175,000 if Imperium terminates due to an event of default, or if we terminate and pre-pay all amounts due to Imperium prior to the stated expiration date of January 16, 2016.		1,076,000		1,180,000
		2,147,000		2,466,000
Less debt discount (Debenture and line of credit financings)		(97,000)		(253,000)
Total debt	$	2,050,000	$	2,213,000
Current portion	$	1,837,000	$	2,213,000
Long-term portion	$	213,000	$	0

(1) The mortgage through First Niagara was refinanced and extended on April 28, 2014.

(2) See Note J – Subsequent Events for information related to the maturity and refinancing of the Series A Debenture.

(3) Although the Imperium Line of Credit does not mature until January 16, 2016, the balance on the line of credit is included in the debt maturity for 2015 given the “demand” nature of the line of credit.

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

At December 31, 2014, the following are the debt maturities for each of the next five years:

2015	$	1,837,000	(3)
2016		159,000
2017		54,000
2018		0
2019		0
	$	2,050,000

(3) Although the Imperium Line of Credit does not mature until January 16, 2016, the balance on the line of credit is included in the debt maturity for 2015 given the “demand” nature of the line of credit.