Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

LOSS PER ORDINARY SHARE (Details)

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LOSS PER ORDINARY SHARE (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Loss for the year $ (653,461) $ (818,541) $ (322,067)
Less: Loss attributed to preferred shares 32,483 51,084 30,721
Loss for the year attributable to ordinary shareholders $ 620,978 $ 767,457 $ 291,346
Weighted average number of ordinary shares outstanding attributable to ordinary shareholders 62,467,556 45,190,017 28,450,908