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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table presents information relating to stock options outstanding as of December 31, 2014:
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
Weighted
 
Weighted
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
Average
 
 
 
 
Average
 
Range of Exercise
 
 
 
 
Exercise
 
Remaining
 
 
 
 
Exercise
 
Price
 
Shares
 
Price
 
Life in Years
 
Shares
 
Price
 
 
 
 
 
 
 
 
 
 
$0.07 - $0.14
 
 
635,000
 
$
0.11
 
 
7.32
 
 
408,000
 
$
0.10
 
$0.16 - $0.26
 
 
457,000
 
$
0.20
 
 
7.41
 
 
335,000
 
$
0.26
 
$0.85 - $1.09
 
 
203,000
 
$
0.90
 
 
0.41
 
 
203,000
 
$
0.90
 
TOTAL
 
 
1,295,000
 
$
0.27
 
 
6.27
 
 
946,000
 
$
0.31
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table summarizes weighted-average assumptions using the Black-Scholes option-pricing model used on the date of the grants issued during Fiscal 2014 and Fiscal 2013:
 
 
 
Year Ended December 31
 
 
 
2014
 
2013
 
Volatility
 
 
73%
 
 
74% – 82%
 
Expected term (years)
 
 
10 yrs
 
 
10 yrs
 
Risk-free interest rate
 
 
2.64%
 
 
1.70% - 2.60%
 
Dividend yield
 
 
0%
 
 
0%
 
Warrant [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Warrant activity for Fiscal 2014 and Fiscal 2013 is summarized as follows. Any common shares issued as a result of the exercise of warrants would be new common shares issued from our authorized issued shares.
 
 
 
Year Ended December 31,2014
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
Aggregate
 
 
 
 
 
 
Aggregate
 
 
 
 
 
 
Weighted
 
Intrinsic Value
 
 
 
 
Weighted
 
Intrinsic Value
 
 
 
 
 
 
Average
 
as of
 
 
 
 
Average
 
as of
 
 
 
 
 
 
Exercise
 
December 31,
 
 
 
 
Exercise
 
December 31,
 
 
 
Shares
 
Price
 
2014
 
Shares
 
Price
 
2013
 
Warrants outstanding at beginning of year
 
 
3,303,000
 
$
0.
 
 
 
 
 
375,000
 
$
0.16
 
 
 
 
Granted
 
 
0
 
 
NA
 
 
 
 
 
2,928,000
 
$
0.17
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
0
 
$
0.17
 
 
 
 
 
0
 
 
NA
 
 
 
 
Warrants outstanding at end of year
 
 
3,303,000
 
$
0.17
 
 
None
 
 
3,303,000
 
$
0.17
 
 
None
 
Warrants exercisable at end of year
 
 
3,303,000
 
$
0.17
 
 
 
 
 
3,303,000
 
$
0.17
 
 
 
 
Employee Stock Option [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock option activity for Fiscal 2014 and Fiscal 2013 is summarized as follows: (the figures contained within the tables below have been rounded to the nearest thousand)
 
 
 
Year Ended December 31,2014
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
Aggregate
 
 
 
 
 
 
Aggregate
 
 
 
 
 
 
Weighted
 
Intrinsic
 
 
 
 
Weighted
 
Intrinsic Value
 
 
 
 
 
 
Average
 
Value as of
 
 
 
 
Average
 
as of
 
 
 
 
 
 
Exercise
 
December
 
 
 
 
Exercise
 
December 31,
 
 
 
Shares
 
Price
 
31, 2014
 
Shares
 
Price
 
2013
 
Options outstanding at beginning of year
 
 
3,316,000
 
$
0.44
 
 
 
 
 
2,939,000
 
$
0.69
 
 
 
 
Granted
 
 
80,000
 
$
0.12
 
 
 
 
 
902,000
 
$
0.13
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
(2,101,000)
 
$
0.53
 
 
 
 
 
(525,000)
 
$
0.64
 
 
 
 
Options outstanding at end of year
 
 
1,295,000
 
$
0.27
 
$
9,400
 
 
3,316,000
 
$
0.44
 
$
17,000
 
Options exercisable at end of year
 
 
946,000
 
$
0.31
 
 
 
 
 
2,747,000
 
$
0.49