STOCK-BASED EMPLOYEE COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2013

STOCK-BASED EMPLOYEE COMPENSATION [Abstract]

Summary of share-based compensation valuation assumptions

The expected life of stock option awards granted to employees and non-employee directors is based upon the “simplified” method for “plain vanilla” options described in SEC Staff Accounting Bulletin No. 107, as amended by SEC Staff Accounting Bulletin No. 110. Forfeiture rates are based on management’s estimates.

	Nine months ended September 30, 2013
Expected volatility		84%
Expected dividend yield		0.00%
Weighted average risk-free interest rate		1.05%
Expected life	5.50 years
Forfeiture rate		0%

Summary of activity under stock option plans

	Shares		Weighted Average Exercise Price		Remaining Contractual Life (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2012		—	$	—
Grants		919,000		0.28
Exercised		—		—
Forfeited, cancelled or expired		—		—
Outstanding at September 30, 2013		919,000	$	0.28		9.5		$	196
Exercisable at September 30, 2013		306,333	$	0.28		9.5		$	65