SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of stock options

Presented below is information about stock options outstanding and exercisable as of March 31, 2016 and December 31, 2015:

	March 31, 2016				December 31, 2015
	Shares		Price (1)		Shares		Price (1)
Stock options outstanding		2,343,022	$	3.44		2,343,022	$	3.44
Stock options exercisable		2,227,355	$	3.50		2,194,022	$	3.53

⁽¹⁾ Represents the weighted average price.

Schedule of stock options outstanding and for stock options exercisable

The following table summarizes information for stock options outstanding and for stock options exercisable at March 31, 2016:

Options Outstanding										Options Exercisable
Number		Exercise Price						Remaining		Number		Weighted
of		Range				Weighted		Contractual		of		Average
Shares		Low		High		Average		Term (years)		Shares		Exercise Price
	340,711	$	1.50	$	1.50	$	1.50		9.0		274,044	$	1.50
	297,000		2.08		2.08		2.08		7.5		288,000		2.08
	590,311		2.32		2.52		2.50		3.8		590,311		2.50
	1,115,000		3.77		4.97		4.89		2.1		1,075,000		4.93
	2,343,022	$	1.50	$	4.97	$	3.44		4.2		2,227,355	$	3.50