6. STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

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

Stock option activity

					Weighted Average
			Weighted Average		Remaining		Aggregate
Outstanding Options			Exercise price		Contractual Life		Intrinsic
Under the 2006 Plan	Shares		Per Common Share		(in years)		Value
Balance, December 31, 2016		375,626	$	6.82
Granted		184,523		6.30
Balance, March 31, 2017		560,149		6.65		6.04	$	163,700
Exercisable at March 31, 2017		205,000		7.51		0.68		154,400

Restricted Stock Awards activity

				Weighted-Average
				Remaining
				Contractual		Weighted-Average
	RSA's			Term (Years)		Fair Value
RSA's unvested at December 31, 2016		573,145				$	6.18
Changes during the period
Granted		632,025				$	6.05
Vested		(665,177	)			$	6.40
RSA's unvested at March 31, 2017		539,993			0.96	$	5.55