STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2013

Stock Options Tables

Assumption used for stock option granted

The assumptions used principally for options granted to employees in the years ended December 31, 2013 and 2012 were as follows:

	2013			2012
Risk-free interest rate		0.10% - 2.71	%		0.92% - 2.05	%
Expected dividend yield		—			—
Expected term	1-10 years			6.5 years
Forfeiture rate (excluding fully vested options)		15	%		15	%
Expected volatility		129% - 141	%		131% - 142	%

Stock option activity

A summary of option activity under the Company’s stock plans and options granted to officers of the Company outside any plan as of December 31, 2013 and changes during the year then ended is presented below:

Stock Options	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2013		343,334		$	14.75
Granted		1,264,432			3.05
Exercised		—			—
Forfeited or expired		(152,334	)		11.72
Outstanding at December 31, 2013		1,455,432		$	4.90	3.99 years	$	81,085
Exercisable at December 31, 2013		230,842		$	11.37	3.99 years	$	81,085