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SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2013
SHARE BASED COMPENSATION [Abstract]  
Schedule of Outstanding and Vested Stock Options

The following table summarizes information related to the outstanding and vested

options at September 30, 2013:

 

 

                                                   Outstanding and

                                                    Vested Options

                                                      and Warrants

                                                -------------------

Number of shares

  Non-Qualified stock options                            2,250,000

  2013 Stock Incentive Plan                              2,200,000

 

Weighted average remaining contractual life

  Non-Qualified stock options                            2.4 years

  2013 Stock Incentive Plan                              1.2 years

 

Weighted average exercise price

  Non-Qualified stock options                                $0.10

  2013 Stock Incentive Plan                                  $0.47

 

Number of shares vested

  Non-Qualified stock options                              429,452

  2013 Stock Incentive Plan                              1,062,466

 

Aggregate intrinsic value

  Non-Qualified stock options                                   $0

  2013 Stock Incentive Plan                                     $0