Annual report pursuant to Section 13 and 15(d)

PREPAID FOREIGN TAXES (Details Textual)

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PREPAID FOREIGN TAXES (Details Textual) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Prepaid Foreign Taxes [Line Items]    
Prepaid Expense Other, Noncurrent $ 360,015 $ 672,541
Deferred Tax Assets, Valuation Allowance 21,369,226 19,084,300
Foreign Tax Authority [Member]    
Prepaid Foreign Taxes [Line Items]    
Deferred Tax Assets, Valuation Allowance $ 457,447 $ 602,375