7. STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2015

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

Stock option activity

				Weighted Average		Weighted Average Remaining
				Exercise price		Contractual		Aggregate
Outstanding Options				Per Common		Life		Intrinsic
Under the Restated Plan	Shares			Share		(in years)		Value
Balance, December 31, 2014		2,092,509		$	3.58
Granted		–			–
Exercised		(937,500	)		2.66
Canceled, forfeited or expired		(25,000	)		2.22
Balance, June 30, 2015		1,130,009			4.36		1.20	$	3,216,338
Exercisable at June 30, 2015		1,086,676			4.46		1.11		3,014,838

Restricted Stock Awards activity

				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		(825,252	)			$	4.45
RSA's outstanding at June 30, 2015		841,195			0.92	$	5.28