6. STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

The following summarizes all of our option and warrant transactions during the nine months ended September 30, 2014:

Outstanding Options and Warrants Under the 2006 Plan and 2000 Plan	Shares			Weighted Average Exercise price Per Common Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Balance, December 31, 2013		4,701,250		$	3.15
Granted		–			–
Exercised		(2,283,741	)		2.38
Canceled or expired		(315,000	)		5.91
Balance, September 30, 2014		2,102,509			3.57		1.44	$	7,017,488
Exercisable at September 30, 2014		2,037,509			3.62		1.36		6,719,788

Non-Plan Outstanding Warrants	Shares			Weighted Average Exercise price Per Common Share	Weighted Average  Remaining  Contractual Life  (in years)		Aggregate Intrinsic Value
Balance, December 31, 2013	200,000		$	2.62
Granted	–			–
Exercised	(200,000	)		2.62
Canceled or expired	–			–
Balance, September 30, 2014	–			–	–	$	–
Exercisable at September 30, 2014	–			–	–		–