EMPLOYEE EQUITY INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2014

EMPLOYEE EQUITY INCENTIVE PLAN [Abstract]

Stock Option Activities

	Outstanding options
				Weighted		Weighted average
	Number of			average		grant-date
	options			exercise price		fair value
Options outstanding at January 1, 2012		50,685,617		$	0.10	$	0.07
Forfeited		(2,921,040	)	$	0.11	$	0.08
Exercised		(4,710,120	)	$	0.06	$	0.03
Options outstanding at December 31, 2012		43,054,457		$	0.10	$	0.08
Granted		13,320,000		$	0.21	$	0.06
Forfeited		(1,515,040	)	$	0.12	$	0.08
Exercised		(8,602,960	)	$	0.10	$	0.06
Options outstanding at December 31, 2013		46,256,457		$	0.10	$	0.12
Granted		9,520,000		$	0.22	$	0.06
Forfeited		(8,832,517	)	$	0.22	$	0.06
Exercised		(4,052,480	)	$	0.11	$	0.09
Options outstanding at December 31, 2014		42,891,460		$	0.14	$	0.12

Fair Value Assumptions

Option grants	2012		2013			2014
Weighted average risk-free interest rate		N/A		0.60	%		0.81	%
Weighted average expected option life		N/A		2.75 years			2.75 years
Weighted average volatility rate		N/A		54.36	%		52.94	%
Weighted average dividend yield		-		-			-

Weighted Average Fair Value of Options Granted

	For the years ended December 31,
	2012		2013		2014
Stock options		N/A	$	0.26	$	0.22

Stock Options Outstanding

		Options outstanding								Options exercisable
				Weighted		Weighted						Weighted		Weighted
				average		average		Aggregate				average		average		Aggregate
		Number		exercise		remaining		intrinsic		Number		exercise		remaining		intrinsic
		outstanding		price		contractual life		value		exercisable		price		contractual life		value
Average exercise price
$	0.07		7,420,857						482,356		7,420,857						482,356
$	0.09		1,600,000						76,800		1,600,000						76,800
$	0.10		10,245,560						412,384		7,295,560						293,646
$	0.12		2,000,000						31,500		1,500,000						23,625
$	0.13		3,832,520						36,775		3,832,520						36,775
$	0.14		400,000						-		-						-
$	0.15		2,352,523						-		2,352,523						-
$	0.19		9,920,000						-		2,480,000						-
$	0.22		5,120,000						-		-						-
	Total		42,891,460	$	0.14		6.72 years		1,039,815		26,481,460	$	0.11		5.54 years		913,202

Nonvested Share Activities

	Number of			Weight average
	nonvested			grant-date
	shares outstanding			fair value
Nonvested shares outstanding at January 1, 2012		56,475,000		$	0.12
Vested		(33,920,000	)	$	0.12
Nonvested shares outstanding at December 31, 2012		22,555,000		$	0.13
Vested		(12,885,000	)	$	0.15
Nonvested shares outstanding at December 31, 2013		9,670,000		$	0.11
Granted		3,680,000		$	0.22
Forfeited		(825,000	)	$	0.11
Vested		(5,525,000	)	$	0.12
Nonvested shares outstanding at December 31, 2014		7,000,000		$	0.16

Nonvested Shares Outstanding

	Nonvested
	share outstanding
			Aggregate
	Number		intrinsic
	outstanding		value
Grant date
October 3, 2011		3,400,000		459,850
May 21, 2014		3,600,000		486,900
Total		7,000,000		946,750

Schedule of Unrecognized Compensation Cost

Year
2015	740,732
2016	401,700
2017	371,449
2018	84,700
Total	1,598,581