8. STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock option activity

Outstanding Options Under the 2006 Plan	Shares			Weighted Average Exercise Price per Common Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Balance, December 31, 2015		931,667		$	4.69
Granted		170,626			6.01
Exercised		(526,667	)		2.95
Canceled, forfeited or expired		(100,000	)		9.03
Balance, March 31, 2016		475,626			6.18		4.18	$	220,100
Exercisable at March 31, 2016		291,667			6.47		1.18		182,900

Restricted Stock Awards activity

				Weighted- Average
				Remaining		Weighted-
				Contractual		Average
	RSA’s			Term (Years)		Fair Value
RSA's outstanding at December 31, 2015		771,342				$	5.17
Changes during the period
Granted		725,114				$	5.90
Vested		(885,492	)			$	5.18
RSA's unvested at March 31, 2016		610,962			1.23	$	6.02