WARRANTS (Tables)

12 Months Ended

Dec. 31, 2014

WarrantsTableTextBlockAbstract

Warrants assumptions utilized by the Company

	2014		2013
Risk-free interest rate %		1.57 – 1.77		0.65 - 1.85
Expected dividend yield		—		—
Expected term in years (contractual term)		5		0.33 - 5
Forfeiture rate %		—		—
Expected volatility %		78 - 102		122 - 123

Outstanding Warrants

Type of Warrant/ Range of Exercise Prices		Expirations	Number Outstanding		Weighted- Average Remaining Contractual Life (years)		Weighted- Average Exercise Price		Number Exercisable
Derivative:
	$20.00 - $22.70	8/31/17 to 11/6/17		700,000		2.72	$	20.71		700,000
Equity:
	$2.75 - $3.00	12/10/18 to 12/18/19		1,109,428		4.75	$	2.94		1,109,428
	$22.50	2/9/15 to 3/18/15		37,638		0.11	$	22.50		37,638
				1,147,066						1,147,066
Total outstanding				1,847,066						1,847,066

Warrant Activity

Warrants	Shares			Weighted- Average Exercise Price
Outstanding at January 31, 2013		1,254,004		$	20.08
Granted		190,993		$	3.22
Forfeited or expired		(235,786	)	$	17.36
Outstanding at December 31, 2013		1,209,211		$	17.92
Granted		927,610		$	2.98
Forfeited or expired		(289,755	)	$	20.33
Outstanding at December 31, 2014		1,847,066		$	10.04