STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

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

Schedule of weighted average assumptions for option grants

The following weighted average assumptions were used for option grants during the year ended December 31, 2014:

	2014
Risk-free interest rate		1.45	%
Expected volatility		102.0	%
Dividend yield		0	%
Expected option term in years		5

Schedule of stock options plans activity

A summary of the status of the Company’s stock option plans is as follows: 

Fixed Options	Options			Weighted Average Exercise Price		Average remaining contractual term (in years)		Aggregate Intrinsic Value
Outstanding at January 1, 2014		461,919		$	9.80		2.28
Granted during period		43,064			14.67
Exercised		(155,000	)		8.52
Outstanding at December 31, 2014		349,983			10.97		2.20
Granted during period		—			—
Exercised		(55,000	)		8.00
Forfeited/Expired		(25,000	)		14.08
Outstanding at December 31, 2015		269,983			11.29		1.71
Granted during period		—			—
Exercised		(25,000	)		6.75
Forfeited/Expired		(95,517	)		13.83
Outstanding at December 31, 2016		149,466		$	10.43		1.58	$	151,500
Vested at December 31, 2016		149,466		$	10.43		1.58	$	151,500