Quarterly report pursuant to Section 13 or 15(d)

NOTE 11 - FAIR VALUE MEASUREMENT (Tables)

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NOTE 11 - FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table provides a summary of changes in fair value of the Company’s level 3 financial liabilities as of June 30, 2017:

 
 
Warrant
Liability
   
Derivative
 
Balance, December 31, 2016
 
$
1,937,234
   
$
288,934
 
Total (gains) losses
               
Transfers out due to conversion of Series C Preferred Stock
   
-
     
(15,676
)
Mark to market to June 30, 2017
   
427,734
     
6,121
 
Balance, June 30, 2017
 
$
2,364,968
   
$
279,379
 
Loss on change in warrant and derivative liabilities for the six months ended June 30, 2017
 
$
(427,734
)
 
$
(6,121
)