STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

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 these options using the following assumption:

	April 11, 2013
Risk-free interest rate		1.82	%
Expected term (in years)		10	years
Volatility		81.27	%
Dividend yield		0	%
Weighted-average fair value of options granted	$	6.72

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

The following is a summary of the changes in outstanding options during the six-month period ended June 30, 2013:

			Weighted		Weighted Average
			Average		Remaining		Aggregate
			Exercise		Contractual Life		Intrinsic
	Option Shares		Price		(Years)		Value
Outstanding, January 1, 2013		584,688	$	6.48		5.4	$	758,000
Granted		71,500		8.21
Exercised		(22,000)		3.80
Forfeited		—
Expired		—
Outstanding, June 30, 2013		634,188	$	6.77		5.4	$	1,326,291
Vested, June 30, 2013		489,355	$	6.94		4.3	$	1,042,592

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 six months ended June 30, 2013:

			Weighted Average Grant-
	Option Shares		Date Fair Value
Non-vested shares, January 1, 2013		141,000	$	2.94
Granted		71,500		6.72
Vested		(67,667)		2.92
Forfeited
Non-vested shares and expected to vest, June 30, 2013		144,833	$	4.81