Quarterly report pursuant to Section 13 or 15(d)

OTHER LIABILITIES

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OTHER LIABILITIES
 9 Months Ended
Sep. 30, 2014
Other Liabilities Disclosure [Abstract]  
Other Liabilities Disclosure [Text Block]
10.
OTHER LIABILITIES 
 
The current portion of other liabilities consists primarily of deposits for the purchase of the Company’s common stock, received prior to the balance sheet date, and for which common shares will subsequently be issued.
 
The non-current portion of other liabilities represents deposits for the purchase of the Company’s equity securities, received prior to the balance sheet date, and for which 618,261 Series A Preferred shares were issued on November 4, 2014. The shares of Series A Preferred Stock were immediately converted to common shares on a one-for-one basis (see Note 15 - Subsequent Events).