EMPLOYEE EQUITY INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2015

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, 2013		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
Forfeited		(1,327,000	)	$	0.16	$	0.05
Exercised		(8,915,040	)	$	0.11	$	0.08
Options outstanding at December 31, 2015		32,649,420		$	0.14	$	0.13

Fair Value Assumptions

Option grants	2013			2014			2015
Weighted average risk-free interest rate		0.60	%		0.81	%		N/A
Weighted average expected option life		2.75 years			2.75 years			N/A
Weighted average volatility rate		54.36	%		52.94	%		N/A
Weighted average dividend yield		-			-			N/A

Weighted Average Fair Value of Options Granted

	For the years ended December 31,
	2013		2014		2015
Stock options	$	0.26	$	0.22		N/A

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		4,064,337						476,544		4,064,337						476,544
$0.09		1,600,000						160,400		1,600,000						160,400
$0.10		6,925,040						640,566		6,925,040						640,566
$0.12		2,000,000						136,000		2,000,000						136,000
$0.13		2,772,520						172,364		2,772,520						172,364
$0.14		400,000						18,500		100,000						4,625
$0.15		2,112,523						77,635		2,112,523						77,635
$0.19		7,655,000						-		3,315,000						-
$0.22		5,120,000						-		1,895,000						-
Total		32,649,420	$	0.14		5.94 years		1,682,009		24,784,420	$	0.12		5.25 years		1,668,134

Nonvested Share Activities

	Number of			Weight average
	nonvested			grant-date
	shares outstanding			fair value
Nonvested shares outstanding at January 1, 2013		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
Granted		2,640,000		$	0.14
Vested		(5,120,000	)	$	0.13
Nonvested shares outstanding at December 31, 2015		4,520,000		$	0.18

Schedule of weighted average per share fair value of nonvested shares granted

	For the years ended December 31,
	2013		2014		2015
Nonvested shares		N/A	$	0.22	$	0.14

Nonvested Shares Outstanding

	Nonvested
	share outstanding
			Aggregate
	Number		intrinsic
	outstanding		value
Grant date
May 21, 2014		2,240,000		420,000
January 5, 2015		2,280,000		427,500
Total		4,520,000		847,500

Schedule of Unrecognized Compensation Cost

Year
2016	489,493
2017	459,433
2018	118,540
Total	1,067,466