Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
NOTE 7 – STOCKHOLDERS' EQUITY
 
On May 1, 2013, the Company filed an amendment to its Articles of Incorporation and effected a  20-for-1 reverse stock split of its issued and outstanding shares of common stock, $0.001 par value, whereby  43,182,599 outstanding shares of the Company’s common stock were exchanged for  2,159,159 shares of the Company's common stock. All per share amounts and number of shares in the consolidated financial statements and related notes have been retroactively restated to reflect the reverse stock split, resulting in the transfer of $41.0 million from common stock to additional paid in capital at December 31, 2012.