STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

STOCK BASED COMPENSATION

Schedule of assumptions used to value stock options calculated using the Black-Scholes options pricing model

	Three months ended March 31,
	2015		2014
Dividend yield	0	%	0	%
Expected volatility	60.71	%	52.9	%
Risk-free interest rate	1.9	%	1.0	%
Expected life	3.5 years		3.5 years

Schedule of options issued to employees and changes during the years

			Weighted		Weighted
			Average		Average	Aggregate
	Number		Exercise		Remaining	Intrinsic Value
	of Options		Price		Term (in years)	(in thousands)
Outstanding at December 31, 2014	1,987,159		$	4.37
Granted	1,728,400		1.11
Exercised	—		—
Forfeited or expired	(97,433	)	3.17
Outstanding at March 31, 2015	3,618,126		$	2.85	4.25	$	—
Exercisable at March 31, 2015	488,478		$	3.88	2.68	$	—

Schedule of restricted share activity

	Shares		Weighted Average Fair Value
Outstanding at December 31, 2014	689,370		$	2.87
Granted	521,322		1.11
Vested	(599,241	)	1.60
Forfeited	—		—
Outstanding at March 31, 2015	611,451		$	2.61