SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

SHARE-BASED COMPENSATION [Abstract]

Black-Scholes Option Valuation Assumptions

 The fair value of the options granted was calculated using the Black-Scholes option valuation model with the following assumptions:

Expected volatility	85%
Expected dividends	None
Expected term (in years)	6.25
Risk free interest rate	1.33%

 The fair value of the options granted was calculated using the Black-Scholes option valuation model with the following assumptions:

Expected volatility	87%
Expected dividends	None
Expected term (in years)	6.5
Risk free interest rate	0.92%

The fair value of the 2011 options granted was calculated using the Black-Scholes option valuation model with the following range of assumptions:

Expected volatility	96% to 413%
Expected dividends	None
Expected term (in years)	5-10
Risk free interest rate	1.26% to 3.34%

The fair value of the 2010 options granted was calculated using the Black-Scholes option valuation model with the following range of assumptions:

Expected volatility	338% to 467%
Expected dividends	None
Expected term (in years)	5-10
Risk free interest rate	2.37% to 3.68%

Summary Of Status Of Stock Option Awards

A summary of the status of the Company’s stock option awards is presented below:

	Stock Options			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life		Intrinsic Value (in thousands)
Outstanding at December 31, 2012		1,173,180		$	4.04
Granted		90,000			7.71
Expired		-			-
Exercised		(36,820	)		3.41
Forfeited		-			-
Outstanding at December 31, 2013		1,226,360		$	4.32		6.7	$	10,093
Expected to vest		585,504		$	5.07		7.7	$	4,380
Exercisable at December 31, 2013		440,856		$	3.74		6.1	$	3,884

Summary Of Status Of Non-Vested Options

A summary of the status of the Company’s non-vested options is presented below:

	Shares			Weighted Average Grant-Date Fair Value Per Share
Non-vested at January 1, 2013		673,252		$	4.31
Granted		90,000			7.71
Expired		-			-
Vested		(177,748	)		4.57
Non-vested at December 31, 2013		585,504		$	5.07