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STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Share-Based Compensation Activity
Number of
Options Outstanding and Exercisable
 
Number of RSUs
Outstanding
 
 
 
 
 
 
 
Outstanding 2013 & 2014 Plans – December 31, 2016
 
1,607,347

 
Non vested - December 31, 2016
 
185,260

Options granted
 
165,000

 
Shares granted
 
200,000

Options exercised
 
(120,000
)
 
Shares vested
 
(67,949
)
Options forfeited
 

 
Shares forfeited
 

Options expired
 

 
Shares expired
 

Outstanding – June 30, 2017
 
1,652,347

 
Non Vested & Outstanding - June 30, 2017
 
317,311

Exercisable – June 30, 2017
 
1,246,563

 
 
 
 
Schedule of Weighted-Average Black-Scholes Option Pricing Model Assumptions
The assumptions used in the Black-Scholes option-pricing model and the weighted-average grant date fair value of the option awards for the periods presented were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Volatility
141
%
 
149
%
 
139% - 142%

 
149% - 152%

Expected term (in years)
6

 
7

 
6

 
7

Risk-free rate
1.82
%
 
1.26
%
 
1.26% - 1.82%

 
1.22% - 1.26%

Expected dividend yield
%
 
%
 
%
 
%
Weighted-average grant date fair value per option
$
2.08

 
$
1.15

 
$ 1.15 - 2.08

 
$ 0.96 - 1.15