SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2015

SHAREHOLDERS' EQUITY [Abstract]

Summary of the assumptions utilized to record compensation expense for stock options granted

	September 30,		September 30,
Assumptions:	2015		2014
Expected term (years)	6.25		6.25
Expected volatility	63	%	80	%
Risk-free interest rate	1.56	%	.38	%
Dividend yield	0	%	0	%
Expected forfeiture rate	0	%	0	%

Summary of Stock Option Activity

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Balance Outstanding, December 31, 2014		1,565,000	$	0.21		6.3	$	317,986
Granted		40,000		0.75		—		—
Exercised		—		—		—		—
Forfeited		—		—		—		—
Expired		—		—		—		—
Balance Outstanding, September 30, 2015		1,605,000	$	0.31		6.8		349,983
Exercisable at September 30, 2015		1,123,500	$	0.22		6.1	$	317,986

Summary of information of options outstanding under option plans

	Options Outstanding				Options Exercisable
Range or Exercise Price	Number Outstanding	Remaining Average Contractual Life (In Years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
0.14 - 0.78	1,605,000	6.8	$	0.31	1,123,500	$	0.22
	1,605,000	6.8	$	0.31	1,123,500	$	0.22