SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2015

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

Schedule of stock option activity

The following table summarizes stock option activity for 2015, 2014 and 2013:

	2015					2014					2013
	Shares			WAEP*		Shares			WAEP*		Shares			WAEP*
Options outstanding at beginning of year		354,000		$	6.30		339,750		$	6.73		398,893		$	7.95
Granted		50,000		$	2.73		167,500		$	4.92		86,000		$	6.82
Exercised		—		$	—		—		$	—		(2,333	)	$	3.65
Expired		(3,000	)	$	9.22		—		$	—		(4,000	)	$	9.00
Forfeited		(93,250	)	$	5.43		(153,250	)	$	5.74		(138,810	)	$	10.28
Options outstanding at end of year		307,750		$	5.96		354,000		$	6.30		339,750		$	6.73
Options eligible for exercise at year-end		165,625		$	7.20		174,000		$	7.16		130,688		$	7.71

*Weighted Average Exercise Price

Schedule Of weighted average assumptions

The weighted average assumptions used to determine the fair value of stock options granted during those fiscal years were as follows:

	2015			2014			2013
Expected life (in years)		5.0			5.0			5.0
Risk-free interest rate		1.60	%		1.55	%		1.52	%
Expected volatility		67	%		50	%		60	%
Dividend yield		0	%		0	%		0	%

Schedule of other information pertaining to options

Other information pertaining to options for the years ended December 31, 2015, 2014 and 2013 is as follows:

	2015		2014		2013
Stock-based compensation expense recognized within general and administrative expense on the consolidated statements of operations	$	279,000	$	271,000	$	213,000
Cash received from the exercise of options		—		—		8,500
Excess income tax benefits from exercise of stock options		—		—		—