Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS’ EQUITY (Tables)

v2.4.0.8
SHAREHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
Warrants issued, terminated/forfeited, exercised and outstanding during the nine months ended September 30, 2014 were as follows:
 
 
Number of warrants
 
Average exercise price per share
 
Warrants outstanding, December 31, 2013
 
 
8,966,667
 
$
12.00
 
Warrants granted
 
 
-
 
 
-
 
Warrants expired/terminated/forfeited
 
 
-
 
 
-
 
Warrants exercised
 
 
-
 
 
-
 
Warrants outstanding, September 30, 2014
 
 
8,966,667
 
$
12.00
 
Schedule of Warrants outstanding [Table Text Block]
The following table summarizes the shares of the Company’s ordinary stock issuable upon exercise of warrants outstanding at September 30, 2014:
 
Warrants outstanding
 
Warrants exercisable
 
Range
 
Number
 
Weighted average
 
Weighted
 
number
 
Weighted
 
of
 
outstanding at
 
remaining
 
average
 
exercisable at
 
average
 
exercise
 
September 30,
 
contractual life
 
exercise
 
September 30,
 
exercise
 
price
 
2,014
 
(years)
 
price
 
2014
 
price
 
$
12.00
 
8,966,667
 
3.4
 
$
12.00
 
8,966,667
 
$
12.00