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NET LOSS PER COMMON SHARE (Tables)
 9 Months Ended
Sep. 30, 2015
NET LOSS PER COMMON SHARE [Abstract]  
Reconciliation of the differences between the basic and fully diluted earnings per share
The following table reconciles the differences between the basic and diluted earnings per share presentations:

  
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Numerator:
        
Net loss
 
$
(1,966,081
)
 
$
(3,065,460
)
 
$
(7,693,068
)
 
$
(10,322,937
)
                 
Denominator:
                
Weighted average common shares outstanding:
                
Basic
  
20,571,340
   
20,357,333
   
20,336,839
   
20,272,897
 
Stock options
  
-
   
-
   
-
   
-
 
Fully diluted
  
20,571,340
   
20,357,333
   
20,336,839
   
20,272,897
 
                 
Net loss per common share:
                
Basic
 
$
(0.10
)
 
$
(0.15
)
 
$
(0.38
)
 
$
(0.51
)
Diluted
 
$
(0.10
)
 
$
(0.15
)
 
$
(0.38
)
 
$
(0.51
)