NET LOSS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2014

NET LOSS PER COMMON SHARE [Abstract]

Calculation of Net Earnings Per Share

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

	Three months ended		Six months ended		Three months ended		Six months ended
	June 30, 2014		June 30, 2014		June 30, 2013		June 30, 2013
Denominator for basic net loss per share, weighted average shares outstanding		23,082,699		21,567,885		16,146,013		15,868,892
Dilutive effect of common stock options		N/A		N/A		N/A		N/A
Dilutive effect of Series C convertible preferred stock, convertible debt and warrants		N/A		N/A		N/A		N/A
Denominator for diluted net loss per share, weighted average shares outstanding		23,082,699		21,567,885		16,146,013		15,868,892