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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Restricted Stock Activity
The following table summarizes restricted common stock award activity:
 
 
 
 
 
 
Weighted Average
 
 
 
Number
 
Grant Date
 
 
 
of Shares
 
Fair Value
 
Non-vested shares, January 1, 2016
 
 
321,252
 
$
6.96
 
Granted
 
 
-
 
 
-
 
Vested
 
 
(272,084)
 
 
6.90
 
Forfeited
 
 
(40,001)
 
 
-
 
Non-vested shares, September 30, 2016
 
 
9,167
 
$
6.49