NET INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2014

NET INCOME (LOSS) PER COMMON SHARE [Abstract]

Calculation of Net Earnings Per Share

The following sets forth the denominator used in the calculations of basic net income (loss) per share and net income (loss) per share assuming dilution:

	Three months ended		Three months ended
	March 31, 2014		March 31, 2013
Denominator for basic net income (loss) per share, weighted average shares outstanding		20,036,240		15,588,693
Dilutive effect of common stock options		N/A		N/A
Dilutive effect of Series C convertible preferred stock, convertible debt and warrants		N/A		N/A
Denominator for diluted net income (loss) per share, weighted average shares outstanding		20,036,240		15,588,693