Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes the number of common shares potentially issuable upon the exercise of certain warrants, convertible notes payable and convertible interest as of March 31, 2014 and 2013, that have been excluded from the calculation of diluted net loss per common share since the effect would be antidilutive.
 
 
 
As of March 31,
 
 
 
2014
 
2013
 
Warrants
 
 
8,244,331
 
 
5,001,458
 
Convertible notes payable
 
 
1,042,500
 
 
-
 
Convertible Interest
 
 
35,442
 
 
-
 
Totals
 
 
9,322,273
 
 
5,001,458