NET LOSS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 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		Nine months ended		Three months ended		Nine months ended
	September 30, 2014		September 30, 2014		September 30, 2013		September 30, 2013
Denominator for basic net loss per share, weighted average shares outstanding		24,974,613		22,715,940		16,867,971		16,205,578
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		24,974,613		22,715,940		16,867,971		16,205,578