STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

The following is a summary of transactions pertaining to restricted stock:

	Shares			Weighted Average Grant Date Fair Value Per Share
Nonvested restricted stock outstanding at December 31, 2014		925,819		$	5.04
Granted		234,651			2.28
Cancelled		(354,462	)		4.97
Vested		(355,514	)		5.00
Nonvested restricted stock outstanding at December 31, 2015		450,494			3.69

Granted		1,105,487			1.67
Cancelled		(76,200	)		2.98
Vested		(336,182	)		3.33
Nonvested restricted stock outstanding at December 31, 2016		1,143,599			1.89

The following is a summary of transactions pertaining to the option plans:

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding December 31, 2013		547,125		$	14.73	4.56 years	$	-
Cancelled		(122,958	)		18.49			-

Outstanding December 31, 2014		424,167			13.65	4.18 years		-
Cancelled		(178,000	)		15.20			-

Outstanding December 31, 2015		246,167			12.52	3.98 years		-
Cancelled		(28,000	)		15.76

Outstanding December 31, 2016		218,167			12.11	3.33 years		-

Vested or expected to vest as of December 31, 2016		218,167			12.11	3.33 years		-

Exercisable as of December 31, 2016		218,167			12.11	3.33 years		-

The following table presents a summary of options outstanding at December 31, 2016:

		At December 31, 2016
		Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices		Shares		Contractual Weighted Average life (years)		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
$	4.00-$13.99		165,167		3.35	$	9.46		165,167	$	9.46
$	14.00-$19.99		22,000		2.84		19.98		22,000		19.98
$	20.00-$25.00		31,000		3.59		20.62		31,000		20.62

			218,167		3.33		12.11		218,167		12.11