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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Shares Reserved for Future Issuance

As of December 31, 2014, the following shares were reserved for future issuance:



	December 31,
	2014
Common stock options outstanding and available for future grant	1,891,107
Warrants to purchase common stock	2,465,713
Employee Stock Purchase Plan	300,000
	4,656,820

Schedule of warrants issued and outstanding

As of December 31, 2014 the following warrants for common stock were issued and outstanding:



Issue date	Expiration date	Exercise price (Denominated in US Dollars)		Number of warrants outstanding
April 4, 2011	April 4, 2016	$	6.74	1,397,921
November 21, 2012	November 21, 2017	$	7.86	1,067,792
				2,465,713

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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