STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

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

Schedule of Stock option activity

Stock option activity for the nine months ended September 30, 2014 is summarized as follows:

	Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
Outstanding at December 31, 2013	3,060,834		$	5.89		6.07	$	1,327,163
Options granted	250,000		7.91			9.80	501,893
Options forfeited/expired	(91,667	)	10.78			—	(29,335		)
Options exercised	(634,000	)	(0.87		)	—	(262,241		)
Outstanding at September 30, 2014	2,585,167		$	7.14		5.54	$	1,537,480
Vested at September 30, 2014	1,820,480		$	8.34		4.88	$	657,010
Exercisable at September 30, 2014	1,820,480		$	8.34		4.88	$	657,010

Schedule of Stock warrant activity

A summary of the Company’s stock warrant activity and related information for the nine months ended September 30, 2014 is as follows: 

	Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
Outstanding at December 31, 2013	7,083		$	2.72		1.57	$	2,900
Warrants exercised	(6,250	)	(1.75		)	—	(2,800		)
Warrants cancelled/forfeited/expired	(833	)	(10.00		)	—	(100		)
Warrants at September 30, 2014	—		$	—		—	$	—
Vested at September 30, 2014	—		$	—		—	$	—
Exercisable at September 30, 2014	—		$	—		—	$	—