STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Assumptions in Computing Option Fair Value

The fair value of all options granted by the Company for 2011 through 2014 was determined using the following assumptions:

Expected volatility	70% - 90%
Risk free interest rate	0.80% - 1.75%
Expected term (years)	3.0 - 5.0
Dividend yield	0%

Summary of Activity Related to Options Granted

Stock option activity is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Fair Value
Outstanding December 31, 2012		3,640,324		$	1.76		2.69 Years	$	6,406,970
Granted		446,000		$	2.61
Exercised		(30,500	)	$	2.67
Forfeited		(10,500	)	$	2.35
Expired		—			—
Outstanding December 31, 2013		4,045,324		$	1.85		2.05 Years	$	7,483,849
Granted		252,000		$	3.80
Exercised		(938,331	)	$	0.78
Forfeited		(14,000	)	$	2.43
Expired		—			—
Outstanding September 30, 2014		3,344,993		$	2.01		1.79 Years	$	6,723,438
Exercisable at September 30, 2014		3,023,329		$	2.09			$	6,318,758
Unvested at September 30, 2014		321,664