Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
14.
SUBSEQUENT EVENTS
 
Management has evaluated all subsequent events to determine if events or transactions occurring through the date the condensed consolidated financial statements were issued, require adjustment to or disclosure in the condensed consolidated financial statements.
 
Equity Transactions
 
During the period from April 1, 2015 through May 15, 2015 the Company sold 693,802 shares of its common stock for cash proceeds of $1,387,604.
 
Foreign Currency Exchange Rates
 
The Argentine peso to United States dollar exchange rate was 8.9242, 8.8179 and 8.5411 at May 12, 2015, March 31, 2015 and December 31, 2014, respectively.