STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of the options granted on May 23, 2012 and June 22, 2012, the dates of the grants, using the following assumptions:

	May 23, 2012			June 22, 2012
Risk-free interest rate		1.74	%		1.64	%
Expected term (in years)		10.0 years			10.0 years
Volatility		81.37	%		81.44	%
Dividend yield		0	%		0	%
Weighted-average fair value of options granted	$	3.67		$	4.05

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following is a summary of the changes in outstanding options during the nine-month period ended September 30, 2012:

	Option Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding, January 1, 2012		655,124		$	6.50		5.2	$	31,000
Granted		42,000			4.93		10.0		—
Exercised		(52,000	)		5.85
Forfeited		—			—
Expired		(59,436	)		6.00
Outstanding, September 30, 2012		585,688		$	6.49		5.6	$	537,000
Vested, September 30, 2012		421,354		$	7.40		4.6	$	296,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]

The following is a summary of changes in non-vested shares for the nine months ended September 30, 2012:

	Option Shares			Weighted Average Grant- Date Fair Value
Non-vested shares, January 1, 2012		174,667		$	2.43
Granted		42,000			4.03
Vested		(52,333	)		2.60
Forfeited		—			—
Non-vested shares and expected to vest, September 30, 2012		164,334		$	2.78