WEIGHTED AVERAGE COMMON SHARES (Tables)

9 Months Ended

Sep. 30, 2016

WEIGHTED AVERAGE COMMON SHARES [Abstract]

Weighted average numbers of common shares used to compute basic and diluted loss per share

The weighted average number of common shares used to compute basic and diluted loss per share for the three and nine months ended September 30, 2016 and 2015 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Basic shares outstanding		23,498,904		23,230,438		23,433,015		23,140,006
Dilutive effect of stock options		1,181,073		39,197		-		-
Diluted shares outstanding		24,679,977		23,269,635		23,433,015		23,140,006