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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2013
Share-Based Compensation [Abstract]  
Movements of Options Issued and Outstanding
Options issued and outstanding at June 30, 2013 and their movements during the six months then ended are as follows:
 
 
 
Number of
underlying
shares
 
Weighted-
Average
Exercise Price
Per Share
 
Aggregate
Intrinsic
Value (1)
 
Weighted- Average
Contractual Life
Remaining in Years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1, 2013
 
 
715,000
 
$
5.25
 
$
65,700
 
 
8.47
 
Granted
 
 
60,000
 
 
5.60
 
 
 
 
 
10.00
 
Exercised
 
 
-
 
 
 
 
 
 
 
 
 
 
Expired
 
 
-
 
 
 
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
 
 
 
 
 
 
 
 
Outstanding at June 30, 2013
 
 
775,000
 
$
5.28
 
$
222,450
 
 
8.17
 
Exercisable at June 30, 2013
 
 
445,000
 
$
5.71
 
$
138,750
 
 
7.84
 
 
(1)
The intrinsic value of the stock options at June 30, 2013 and January 1, 2013 is the amount by which the market value of the Company’s common stock of $4.81 and $4.39, as of June 30, 2013 and January 1, 2013, respectively, exceeds the exercise price of the option.