SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

SHARE BASED COMPENSATION [Abstract]

Schedule of Fair Value of Option Awards

We determine the fair value of option grant share-based awards at their grant date, using a Black-Scholes-Merton Option-Pricing Model applying the assumptions in the following table:

	Three months Ended March 31,
	2017			2016
Expected life (years)		5			-
Dividend yield		0	%		-
Expected volatility		80	%		-
Risk free interest rates		1.97	%		-
Weighted average fair value of options at grant date	$	0.02980			-