5. STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

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

STOCK-BASED COMPENSATION

				Weighted Average		Weighted Average Remaining
				Exercise price		Contractual		Aggregate
Outstanding Options and Warrants				Per Common		Life		Intrinsic
Under the 2006 Plan	Shares			Share		(in years)		Value
Balance, December 31, 2014		2,092,509		$	3.58
Granted		–			–
Exercised		(325,000	)		2.69
Canceled, forfeited or expired		(25,000	)		2.22
Balance, March 31, 2015		1,742,509			3.76		1.03	$	8,230,904
Exercisable at March 31, 2015		1,699,176			3.80		0.97		7,955,304

Restricted Stock Awards

				Weighted- Average
				Remaining		Weighted-
				Contractual		Average
	Shares			Term (Years)		Fair Value
RSA's outstanding at December 31, 2014		942,023				$	1.96
Changes during the period
Granted		724,423				$	8.66
Vested		(785,253	)			$	4.53
RSA's outstanding at March 31, 2015		881,194			1.21	$	5.17