STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

STOCKHOLDERS' EQUITY [Abstract]

Schedule of Warrant Activity

The following is a summary with respect to warrants outstanding and exercisable at December 31, 2013 and 2012 and activity during the years then ended:

	2013					2012
				Weighted					Weighted
				Average					Average
				Exercise					Exercise
	Warrants			Price		Warrants			Price
Outstanding January 1		2,255,692		$	4.34		1,533,892		$	5.19
Granted during the year		8,342,064			2.82		1,091,934			4.00
Exercised		(3,472,170	)		0.04		(215,734	)		2.82
Lapsed/terminated		(250,000	)		5.10		(154,400	)		12.53
Outstanding at December 31		6,875,586		$	4.64		2,255,692		$	4.34
Exercisable  at December 31		6,742,253		$	4.64		2,055,692		$	4.32
Weighted average months remaining					49.8					46.5

Summary of Stock Option Activity Under Stock Option and Incentive Plans

The following is a summary with respect to options outstanding at December 31, 2013 and 2012 and activity during the years then ended:

	2004 Employee Plan							Non-Executive Director Plan
	Number of Options			Weighted Average Exercise Price		Weighted Average Life Remaining		Number of Options			Weighted Average Exercise Price		Weighted Average Life Remaining
						(in years)							(in years)
Outstanding at December 31, 2011:		1,168,648			4.18				177,000		$	4.79
Granted		885,000			3.46				155,000			2.98
Exercised		-			-				-			-
Lapsed/terminated		(328,500	)		4.44				(20,000	)		11.10
Outstanding at December 31, 2012:		1,725,148			3.80				312,000			3.49
Granted		-			-				28,750			2.75
Exercised		-			-				(20,000	)		1.86
Lapsed/terminated		(85,000	)		4.99				(37,000	)		6.31
Transferred		(1,640,148	)		3.73				(283,750	)		3.14
Outstanding at December 31, 2013:		-			-		-		-			-		-

	2013 Employee, Director and Consultant Equity Incenive Plan
	Number of Options		Weighted Average Exercise Price		Weighted Average Life Remaining
					(in years)
Outstanding at December 31, 2012:
Transferred		1,923,898		3.65
Granted		2,150,000		2.89
Exercised		-		-
Lapsed/terminated		-		-
Outstanding at December 31, 2013:		4,073,898		3.25		5.7
Exercisable at December 31, 2013		1,718,024		3.25		4.3
Expected to vest at December 31, 2103		1,905,874		2.95		7.79
Aggregate intrinsic value of outstanding options at December 31, 2013	$	104,700
Aggregate intrinsic value of exercisable options at December 31, 2013	$	37,365
Aggregate intrinsic value of options expected to vest at December 31, 2013	$	67,335

Schedule of Assumptions Used to Compute the Share-based Compensation Expense for Stock Options and Warrants

The following table shows our weighted average assumptions used to compute the share-based compensation expense for stock options and warrants granted during the years ended December 31, 2013 and 2012:

	2013			2012
Volatility		60.9	%		61.2	%
Expected option term		5.7 years			3.0 years
Risk-free interest rate		1.6	%		0.6	%
Expected forfeiture rate		0.0	%		0.0	%
Expected dividend yield		0.0	%		0.0	%

Summary of Restricted Stock

The following is a summary of activity of restricted stock during the years ended at December 31, 2013 and 2012:

	Shares			Weighted- average Grant Date Fair Value
Restricted shares outstanding, December 31, 2011		107,352		$	5.46
Restricted shares granted		130,000			3.38
Restricted shares vested		(20,588	)		3.33
Restricted shares forfeited		(155,000	)		4.85
Restricted shares outstanding, December 31, 2012		61,764		$	3.33
Restricted shares granted		-			-
Restricted shares vested		(20,588	)		3.33
Restricted shares forfeited		-			-
Restricted shares outstanding, December 31, 2013		41,176		$	3.33