Quarterly report pursuant to Section 13 or 15(d)

BENEFIT CONTRIBUTION PLAN

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BENEFIT CONTRIBUTION PLAN
3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Compensation and Employee Benefit Plans [Text Block]
11.
BENEFIT CONTRIBUTION PLAN
 
The Company sponsors a 401(k) profit-sharing plan (“401(k) Plan”) that covers substantially all of its employees in the United States. The 401(k) Plan provides for a discretionary annual contribution, which is allocated in proportion to compensation. In addition, each participant may elect to contribute to the 401(k) Plan by way of a salary deduction.
 
A participant is always fully vested in their account, including the Company’s contribution. For three months ended March 31, 2015 and 2014, the Company recorded a charge associated with its contribution of $34,936 and $11,865, respectively. This charge has been included as a component of general and administrative expenses in the accompanying condensed consolidated statements of operations.