STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

Jun. 30, 2015

STOCK OPTIONS AND WARRANTS [Abstract]

						Weighted
				Weighted		Average
	Shares			Average		Remaining		Aggregate
	Under			Exercise		Contractual		Intrinsic
	Option			Price		Life		Value

Outstanding at January 1, 2015		1,857,877		$	7.31		8.2	$	2,874,378
Granted		452,250			10.39		10.0		102,050
Exercised		-			-		-		-
Expired/Forfeited		(71,250	)		7.26		9.20		27,125
Outstanding at June 30, 2015		2,238,877		$	8.06		8.12	$	5,052,068
Exercisable at June 30, 2015		760,725		$	8.96		6.91	$	2,107,877

Schedule of Status of Stock Warrants

						Weighted
				Weighted		Average
	Shares			Average		Remaining		Aggregate
	Under			Exercise		Contractual		Intrinsic
	Warrants			Price		Life		Value

Outstanding at December 31, 2014		11,084,426		$	2.51		3.85 years	$	59,517,998
Issued		-
Exercised		(3,190,007	)	$	2.50
Expired		-			-
Outstanding and exercisable at June 30, 2015		7,894,419		$	2.51		3.33 years	$	52,655,775

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details