STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2017

STOCKHOLDERS' EQUITY [Abstract]

Summary of transactions pertaining to restricted stock

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, 2016		1,143,599		$	1.89
Granted		181,208			2.58
Canceled		(52,398	)		5.63
Vested		(650,130	)		1.74
Nonvested restricted stock outstanding at September 30, 2017		622,279			1.92

Summary of transactions pertaining to option plans

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

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value  (in thousands)
Outstanding at December 31, 2016		218,167		$	12.11	3.33 years	$	-
Canceled		(47,500	)		12.37			-
Outstanding at September 30, 2017		170,667			12.04	3.24 years		-
Vested or expected to vest		170,667			12.04	3.24 years		-
Exercisable as of September 30, 2017		170,667			12.04	3.24 years		-

Summary of options outstanding

The following table presents a summary of stock options outstanding:

		At September 30, 2017
		Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices		Shares		Contractual Weighted Average Life  (years)		Weighted Average Price		Shares		Weighted Average Exercise Price
$	4.00-$13.99		122,667		3.50	$	8.77		122,667	$	8.77
$	14.00-$19.99		17,000		2.09		19.98		17,000		19.98
$	20.00-$25.00		31,000		2.85		20.62		31,000		20.62
			170,667		3.24		12.04		170,667		12.04