EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

EARNINGS (LOSS) PER SHARE

Schedule of reconciliation of net income (loss) and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	(Unaudited)						(Unaudited)
	2014			2013			2014			2013
Basic:
Numerator:
Net loss	$	(4,009,477	)	$	(3,951,687	)	$	(3,761,777	)	$	(1,604,244	)
Denominator:
Basic - weighted average common shares outstanding	21,957,167			21,832,831			21,956,804			21,805,692
Basic EPS	$	(0.18	)	$	(0.18	)	$	(0.17	)	$	(0.07	)
Diluted:
Numerator:
Net loss	$	(4,009,477	)	$	(3,951,687	)	$	(3,761,777	)	$	(1,604,244	)
Denominator:
Weighted average common shares outstanding	21,957,167			21,832,831			21,956,804			21,805,692
Effect of Dilutive Securities:
Stock options	—			—			—			—
	21,957,167			21,832,831			21,956,804			21,805,692
Diluted EPS	$	(0.18	)	$	(0.18	)	$	(0.17	)	$	(0.07	)

	December 31,
	2013			2012		2011
Numerator:
Net income (loss)	$	(6,316,041	)	$	15,671,879	$	10,833,215
Denominator:
Basic - weighted average common shares outstanding	21,841,582			21,513,638		21,215,800
Effect of Dilutive Securities:
Stock options	—			384,738		332,601
	21,841,582			21,898,376		21,548,401
Basic net income (loss) per share	$	(0.29	)	$	0.73	$	0.51
Diluted net income (loss) per share	$	(0.29	)	$	0.72	$	0.50