STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Stock Options Tables

Summary of stock options and stock awards

The status of our stock options and stock awards are summarized as follows:

	Number of Options			Weighted Average Exercise Price
Outstanding at December 31, 2013		2,467,046		$	3.55
Granted		592,000		$	3.88
Exercised		(107,000	)	$	2.17
Cancelled and Forfeited		(87,857	)	$	2.80
Outstanding at December 31, 2014		2,864,189		$	3.69
Granted		830,922		$	2.21
Exercised		(97,500	)	$	2.25
Cancelled and Forfeited		(466,164	)	$	3.57
Outstanding at December 31, 2015		3,131,447		$	3.38
Exercisable at December 31, 2015		1,424,036		$	4.28

Number and weighted average grant-date fair values of options

The number and weighted average grant-date fair values of options non-vested at the beginning and end of 2015, as well as options granted, vested and forfeited during the year was as follows:

Exercise Prices 2014 Number Outstanding 2014 Options Exercisable Granted Exercised Vested Cancelled Forfeited 2015 Number Outstanding 2015 Options Exercisable Weighted Average Remaining Contractual Life

$	2.25	309,500	309,500	-	97,500	-	212,000	-	-	-	-
$	2.93	35,000	35,000	-	-	-	35,000	-	-	-	-
$	6.93	20,000	20,000	-	-	-	-	-	20,000	20,000	1
$	8.66	97,857	97,857	-	-	-	7,858	-	89,999	89,999	2
$	7.10	12,125	12,125	-	-	-	-	-	12,125	12,125	2
$	7.68	7,500	7,500	-	-	-	-	-	7,500	7,500	2
$	7.18	50,000	50,000	-	-	-	-	-	50,000	50,000	3
$	7.33	131,190	114,346	-	-	16,844	27,135	-	104,055	104,055	3
$	6.60	500	500	-	-	-	-	-	500	500	4
$	8.32	61,428	48,060	-	-	357	24,286	-	37,142	24,131	4
$	7.85	7,500	5,357	-	-	1,071	-	-	7,500	6,428	4
$	7.45	100,000	100,000	-	-	-	-	-	100,000	100,000	5
$	6.00	30,000	24,000	-	-	6,000	-	-	30,000	30,000	5
$	2.46	68,446	58,704	-	-	1,428	27,731	-	40,715	32,401	5
$	1.89	50,000	28,572	-	-	7,143	-	-	50,000	35,715	5
$	3.08	10,000	5,716	-	-	1,429	-	-	10,000	7,145	5
$	2.81	15,000	6,429	-	-	2,143	-	-	15,000	8,572	6
$	2.80	7,143	3,877	-	-	714	-	-	7,143	4,591	6
$	2.79	46,000	33,334	-	-	10,667	-	-	46,000	44,001	7
$	2.54	216,000	92,933	-	-	34,400	16,404	-	199,596	110,929	7
$	3.79	100,000	40,000	-	-	20,000	-	-	100,000	60,000	7
$	2.50	10,000	2,000	-	-	2,000	-	-	10,000	4,000	8
$	6.00	50,000	37,778	-	-	6,000	-	-	50,000	43,778	8
$	2.97	42,000	27,333	-	-	7,333	-	-	42,000	34,666	8
$	2.20	45,000	28,333	-	-	8,333	-	-	45,000	36,666	8
$	2.09	750,000	187,500	-	-	187,500	-	-	750,000	375,000	8
$	3.90	213,000	-	-	-	53,250	-	-	213,000	53,250	9
$	3.81	169,000	-	-	-	45,250	-	105,750	63,250	45,250	9
$	3.63	35,000	-	-	-	8,750	-	-	35,000	8,750	9
$	4.30	50,000	-	-	-	12,500	-	-	50,000	12,500	9
$	4.05	30,000	-	-	-	7,500	-	-	30,000	7,500	9
$	4.07	45,000	-	-	-	8,750	-	10,000	35,000	8,750	9
$	3.50	50,000	-	-	-	12,500	-	-	50,000	12,500	9
$	2.25	-	-	100,000	-	33,333	-	-	100,000	33,333	10
$	1.95	-	-	75,000	-	-	-	-	75,000	-	10
$	2.13	-	-	65,000	-	-	-	-	65,000	-	10
$	2.00	-	-	225,922	-	-	-	-	225,922	-	10
$	1.77	-	-	155,000	-	-	-	-	155,000	-	10
$	2.87	-	-	100,000	-	-	-	-	100,000	-	10
$	2.48	-	-	10,000	-	-	-	-	10,000	-	10
$	2.78	-	-	10,000	-	-	-	-	10,000	-	10
$	2.30	-	-	50,000	-	-	-	-	50,000	-	10
$	3.78	-	-	20,000	-	-	-	-	20,000	-	10
$	3.38	-	-	20,000	-	-	-	-	20,000	-	10
		2,864,189	1,376,754	830,922	97,500	495,196	350,414	115,750	3,131,447	1,424,036

Allocation of stock based compensation expense

	Number of Options			Weighted Average Grant Date Fair Value
Non-vested at January 1, 2015		1,487,435		$	3.11
Granted in 2015		830,922		$	2.21
Vested in 2015		(495,196	)	$	3.06
Forfeited in 2015		(115,750	)	$	3.83
Non-vested at December 31, 2015		1,707,411