SHARE BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

SHARE BASED COMPENSATION

Summary of the option activity

	Number of Options		Weighted Average Exercise Prices	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Options
Outstanding on January 1, 2013	7,856,600		0.74	2.51	13
Modification on August 8, 2012	—		0.74	—	—
Granted	800,000		0.87	4.69	—
Exercise	(343,123	)	0.74	0.59	557
Forfeited	(915,000	)	0.74	—	—
Outstanding on June 30, 2013	7,398,600		0.75	2.29	2,349
Vested or expected to vest at June 30, 2013	7,011,002		0.75	2.27	2,217
Exercisable at June 30, 2013	3,449,600		0.74	1.05	1,156