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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2015
STOCKHOLDERS’ EQUITY (Tables) [Abstract]  
Schedule of Stock Incentive Plan Activity

The following table sets forth information regarding awards under our 2007 Stock Incentive Plan:

 

As of December 31, 2015

 

 

Share
Grants
Approved

 

 

Options
Outstanding

 

 

Restricted
Stock Awards
Outstanding

 

 

Restricted
Stock Units
Outstanding

 

 

Shares
Available for
Award

 

2007 Stock Incentive Plan

 

 

10,000,000

 

 

 

32,000

 

 

 

-

 

 

 

-

 

 

 

8,343,067

 

Total

 

 

 

 

 

 

32,000

 

 

 

-

 

 

 

-

 

 

 

8,343,067

 

Schedule of Stock Option Activity

The following table summarizes the activity of our stock options for the years ended December 31, 2015, and 2014:

 

 

 

Shares

 

 

Weighted Average
Exercise Price

 

 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

 

519,500

 

 

$

0.47

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

Exercised

 

 

-

 

 

$

-

 

Forfeited or expired

 

 

(487,500

)

 

$

0.46

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

 

32,000

 

 

$

0.51

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

Exercised

 

 

-

 

 

$

-

 

Forfeited or expired

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 

 

32,000

 

 

$

0.51

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2015

 

 

32,000

 

 

$

0.51

 

Schedule of Restricted Stock and Restricted Stock Units Activity

The following table summarizes the activity of our restricted stock units and restricted stock grants for the years ended December 31, 2015 and 2014:

 

 

 

Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

 

 

 

 

 

 

Unvested at December 31, 2013

 

 

7,425

 

 

$

0.83

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

Vested

 

 

(7,425

)

 

$

0.83

 

Forfeited

 

 

-

 

 

$

-

 

Unvested at December 31, 2014

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

Vested

 

 

-

 

 

$

-

 

Forfeited

 

 

-

 

 

$

-

 

Unvested at December 31, 2015

 

 

-

 

 

$

-