OPTIONS (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the Company’s stock option activity:

					Weighted Average
	Number of		Weighted Average		Remaining
	Options		Exercise Price		Life in Years		Fair Value
Outstanding, December 31, 2012		3,040,000	$	1.95		8.61		3,635,372
Exercisable, December 31, 2012		883,125	$	2.43		8.35		1,082,249
Granted
Forfeited
Exercised
Outstanding, September 30, 2013		3,040,000	$	1.95		7.86		3,635,372
Exercisable, September 30, 2013		1,676,250	$	2.09		7.79		2,024,969