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]
NOTE I – Subsequent Events
 
The Company completed the 2015 Private Placement in April 2015, raising gross proceeds of $ 10 million. The second and final closing was on April 10, 2015, at which the Company sold, net of cancelations, 10,125,000 units, with each unit consisting of one share of common stock and a five-year warrant to purchase one share of common stock at an exercise price of $0.75 per share, for gross proceeds of approximately  $ 5.1 million.. The transactions related to the second close will be reflected in our financial statements as of and for the period ended June 30, 2015. Please see Note E for a description of the 2015 Private Placement..