STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of stock option activity

The following table summarizes stock option activity during the six months ended June 30, 2016:

	Number of Options		Weighted-Average Exercise Price
Outstanding at January 1, 2016	1,107,794		$	3.45
Granted	14,000		1.07
Forfeited	(121,140	)	3.69
Outstanding at June 30, 2016	1,000,654		$	3.39
Exercisable at June 30, 2016	648,246		$	4.01

Summary of SARs activity

The following table summarizes SARs activity under the Plan during the six months ended June 30, 2016:

	Number of SARs	Weighted-Average Exercise Price
Outstanding at January 1, 2016	98,333	$	4.14
Outstanding at June 30, 2016	98,333	$	4.14
Exercisable at June 30, 2016	84,445	$	4.21