STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Summary of warrants issued to non-employees for services

A summary of the warrants issued to non-employees for services as of December 31, 2012 and changes during the year is presented below:

	2012
	Number of Warrants	Weighted Average Exercise Price ($)
Balance at beginning of period	10,071	0.30
Granted	-	-
Exercised	(10,071)	0.30
Forfeited (expired)	-	-
Balance at end of period	-	-
Warrants exercisable at end of period	-	-
Weighted average fair value of warrants granted during the period		-

Summary of Warrants and Options Issued

A summary of the options issued to employees and directors as of December 31, 2014, 2013 and 2012 and changes during the year are presented below:

	2012
		Weighted	Weighted
	Number of	Average	Average	Aggregate
	Warrants and	Exercise Price	Remaining	Intrinsic Value
	Options	($)	Contract Life	($)
Balance at beginning of year	259,299	7.75	7.69 Years	-
Exercised	-	-
Expired	(3,000)	5.33
Forefeited	-	-
Granted	425,842	5.68
Balance at end of year	682,141	6.47	8.52 Years	88,000
Exercisable	262,952	7.31		9,252

	2013
		Weighted	Weighted
	Number of	Average	Average	Aggregate
	Warrants and	Exercise Price	Remaining	Intrinsic Value
	Options	($)	Contract Life	($)
Balance at beginning of year	682,141	6.47	8.52 Years	88,000
Exercised	-	-
Expired	(1,334)	5.70
Forefeited	-	-
Granted	350,000	6.25
Balance at end of year	1,030,807	6.39	8.19 Years	320,637
Exercisable	410,593	6.80		161,511

	2014
		Weighted	Weighted
	Number of	Average	Average	Aggregate
	Warrants and	Exercise Price	Remaining	Intrinsic Value
	Options	($)	Contract Life	($)
Balance at beginning of year	1,030,807	6.39	8.19 Years	320,637
Exercised	(129,265)	7.35
Expired	(1,000)	5.14
Forefeited	-	-
Granted	97,890	7.11
Balance at end of year	998,432	6.34	7.58 Years	1,205,839
Exercisable	673,473	6.41		789,356

Weighted Average Fair Value of Warrants and Options Granted

The exercise price for granted options in relation to the market price during 2014, 2013 and 2012 are as follows:

	2014 ($)	2013 ($)	2012 ($)
Exercise price lower than the market price	-	-	-
Exercise price equaled the market price	-	-	4.56 - 4.58
Exercise price exceeded the market price	6.92 - 8.15	6.25	6.00

Summary of fair value assumptions of warrants and options granted

The fair value of options granted during 2014, 2013 and 2012 was estimated on the dates of the grants using the following assumptions:

	2014		2013		2012
Dividend yield	0	%	0	%	0	%
Expected volatilities	34% - 61	%	44	%	84% - 91	%
Risk-free interest rates	1.63% - 1.72	%	0.73	%	0.27	%
Expected lives	5 Years		5 Years		2 Years

Information about Employee Stock Warrants and Options Outstanding

The following tables summarize information about employee stock options outstanding at December 31, 2014, 2013 and 2012:

							Options Exercisable
Options Outstanding at December 31, 2014							December 31, 2014
		Number		Weighted	Weighted		Number		Weighted
Range of		Outstanding at		Average	Average		Exercisable at		Average
Exercise Price		December 31,		Remaining	Exercise Price		December 31,		Exercise Price
($)		2014		Contractual Life	($)		2014		($)
	4.56		63,561			4.56		61,102		4.56
	4.58		7,500			4.58		7,500		4.58
	5.70		37,416			5.70		37,416		5.70
	6.00		330,000			6.00		192,500		6.00
	6.25		350,000			6.25		175,000		6.25
	6.92		69,138			6.92		69,138		6.92
	7.50		71,196			7.50		71,196		7.50
	8.15		15,000			8.15		5,000		8.15
	9.00		54,621			9.00		54,621		9.00
			998,432	7.58 Years		6.34		673,473		6.41

							Options Exercisable
Options Outstanding at December 31, 2013							December 31, 2013
		Number		Weighted	Weighted		Number		Weighted
Range of		Outstanding at		Average	Average		Exercisable at		Average
Exercise Price		December 31,		Remaining	Exercise Price		December 31,		Exercise Price
($)		2013		Contractual Life	($)		2013		($)
	4.56		84,675			4.56		48,183		4.56
	4.58		10,167			4.58		10,167		4.58
	5.70		38,416			5.70		38,416		5.70
	6.00		330,000			6.00		110,000		6.00
	6.25		350,000			6.25		-		6.25
	7.50		124,573			7.50		124,573		7.50
	9.00		92,976			9.00		79,254		9.00
			1,030,807	8.19 Years		6.39		410,593		6.80

							Options Exercisable
Options Outstanding at December 31, 2012							December 31, 2012
		Number		Weighted	Weighted		Number		Weighted
Range of		Outstanding at		Average	Average		Outstanding at		Average
Exercise Price		December 31,		Remaining	Exercise Price		December 31,		Exercise Price
($)		2012		Contractual Life	($)		2012		($)
	4.56		84,675			4.56		-		4.56
	4.58		10,167			4.58		10,167		4.58
	5.70		39,750			5.70		39,750		5.70
	6.00		330,000			6.00		27,500		6.00
	7.50		124,573			7.50		124,573		7.50
	9.00		92,976			9.00		60,962		9.00
			682,141	8.52 Years		6.47		262,952		7.31