6. STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2017

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, 2016		375,626		$	6.82
Granted		184,523			6.30
Canceled, forfeited or expired		(45,000	)		9.50
Balance, September 30, 2017		515,149			6.40		6.04	$	2,651,576
Exercisable at September 30, 2017		160,000			6.95		0.28		736,800

Restricted Stock Awards activity

	RSA's			Weighted-Average Remaining Contractual Term (Years)		Weighted-Average Fair Value
RSA's unvested at December 31, 2016		573,145				$	6.18
Changes during the period
Granted		681,448					5.98
Vested		(804,742	)				6.02
RSA's unvested at September 30, 2017		449,851			0.57	$	6.12