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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2015
STOCKHOLDERS' EQUITY  
Schedule of preferred stock conversion rate

                                                                                                                                                                                    

 

 

Preferred
to common

Period

 

 

Prior to June 30, 2005

 

1 to 1

July 1, 2005 through June 30, 2006

 

1 to .75

July 1, 2006 through redemption

 

1 to .50

 

 

Schedule of information about equity compensation plans

        The table below includes information about our equity compensation plans as of December 31, 2015:

                                                                                                                                                                                    

 

 

Number of
Shares
Authorized
for Issuance
under plan

 

Number of
securities to be
issued upon
exercise of
outstanding
options and
restricted stock

 

Weighted-average
exercise price of
outstanding
options and
restricted stock

 

Number of
securities
remaining
available for
future issuance
under equity
compensation
plans

 

2010 Stock Incentive Plan

 

 

9,950,000 

 

 

4,871,057 

 

$

1.85 

 

 

2,828,050 

 

 

 

Schedule of options issued to employees and changes during the years

                                                                                                                                                                                    

 

 

Incentive
options

 

Weighted
Average
Exercise
Price

 

Options outstanding—December 31, 2013

 

 

1,490,574

 

$

2.65

 

Issued

 

 

1,372,920

 

$

5.18

 

Exercised

 

 

(649,002

)

$

2.27

 

Expired

 

 

 

 

 

Forfeited

 

 

(227,333

)

$

3.98

 

​  

​  

Options outstanding—December 31, 2014

 

 

1,987,159

 

$

4.37

 

Issued

 

 

2,730,400

 

$

0.88

 

Exercised

 

 

 

 

 

Expired

 

 

(89,100

)

$

2.61

 

Forfeited

 

 

(1,034,870

)

$

2.64

 

​  

​  

Options outstanding—December 31, 2015

 

 

3,593,589

 

$

2.26

 

​  

​  

​  

​  

 

 

Summary of information about the Company's stock options outstanding

                                                                                                                                                                                    

 

 

Number of
Options

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Term
(in years)

 

Outstanding at December 31, 2015

 

 

3,593,589 

 

$

2.26 

 

 

3.83 

 

​  

​  

​  

​  

​  

​  

Exercisable at December 31, 2015

 

 

738,765 

 

$

4.10 

 

 

2.62 

 

​  

​  

​  

​  

​  

​  

 

 

Schedule of restricted stock issued to employees and changes during the years

                                                                                                                                                                                    

 

 

Shares

 

Weighted
Average
Fair Value

 

Outstanding at December 31, 2013

 

 

1,898,133

 

$

1.97

 

Granted

 

 

525,296

 

 

3.00

 

Vested

 

 

(908,750

)

 

2.39

 

Forfeited

 

 

(825,309

)

 

1.41

 

​  

​  

Outstanding at December 31, 2014

 

 

689,370

 

$

2.87

 

Granted

 

 

1,669,655

 

 

0.56

 

Vested

 

 

(697,630

)

 

1.79

 

Forfeited

 

 

(383,927

)

 

2.06

 

​  

​  

Outstanding at December 31, 2015

 

 

1,277,468

 

$

0.69

 

​  

​  

​  

​