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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity
Stock option activity for the years ended December 31, 2014, 2013, and 2012 are summarized as follows:

 
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life (in Years)
 
Grant Date Fair Value
Outstanding at December 31, 2011
 
3,073,334

 
$
5.46

 
7.00

 
$
990,995

Options granted
 
225,000

 
1.91

 
10.00

 
197,146

Options exercised
 
(65,000
)
 
(1.47
)
 

 
(5,239
)
Options cancelled/forfeited/expired
 
(294,167
)
 
(1.21
)
 

 
(38,878
)
Outstanding at December 31, 2012
 
2,939,167

 
$
5.70

 
6.50

 
$
1,144,024

Vested at December 31, 2012
 
2,283,237

 
$
6.89

 
6.41

 
$
709,902

Exercisable at December 31, 2012
 
2,283,237

 
$
6.89

 
6.41

 
$
709,902

 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
2,939,167

 
$
5.70

 
6.50

 
$
1,144,024

Options granted
 
711,667

 
2.46

 
8.78

 
420,796

Options exercised
 
(405,000
)
 
(1.19
)
 

 
(89,080
)
Options cancelled/forfeited/expired
 
(185,000
)
 
(0.68
)
 

 
(148,577
)
Outstanding at December 31, 2013
 
3,060,834

 
$
5.89

 
6.07

 
$
1,327,163

Vested at December 31, 2013
 
2,268,334

 
$
6.97

 
5.20

 
$
722,143

Exercisable at December 31, 2013
 
2,268,334

 
$
6.97

 
5.20

 
$
722,143

 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
3,060,834

 
$
5.89

 
6.07

 
$
1,327,163

Options granted
 
325,000

 
7.61

 
9.69

 
622,272

Options exercised
 
(637,750
)
 
(0.88
)
 

 
(264,990
)
Options cancelled/forfeited/expired
 
(99,501
)
 
(12.17
)
 

 
(29,804
)
Outstanding at December 31, 2014
 
2,648,583

 
$
7.07

 
5.81

 
$
1,654,641

Vested at December 31, 2014
 
1,820,480

 
$
8.27

 
4.64

 
$
654,948

Exercisable at December 31, 2014
 
1,820,480

 
$
8.27

 
4.64

 
$
654,948

 
Schedule of Stock Warrant Activity
A summary of the Company’s stock warrant activity and related information for the years ended December 31, 2014, 2013, and 2012 are as follows: 

 
 
Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life (in Years)
 
Grant Date Fair Value
Outstanding at December 31, 2011
 
1,245,311

 
$
12.48

 
1.41

 
$
142,065

Warrants granted
 

 

 

 

Warrants exercised
 
(37,500
)
 
(1.08
)
 

 
(10,626
)
Warrants canceled/forfeited/expired
 
(44,503
)
 
(25.00
)
 

 
(2,550
)
Warrants at December 31, 2012
 
1,163,308

 
$
12.37

 
0.40

 
$
128,889

Vested at December 31, 2012
 
1,150,808

 
$
12.50

 
0.41

 
$
123,289

Exercisable at December 31, 2012
 
1,150,808

 
$
12.50

 
0.41

 
$
123,289

 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
1,163,308

 
$
12.37

 
0.40

 
$
128,889

Warrants granted
 

 
$

 
0

 
$

Warrants exercised
 
(631,250
)
 
(1.65
)
 

 
(30,029
)
Warrants canceled/forfeited/expired
 
(524,975
)
 
(25.38
)
 

 
(95,960
)
Warrants at December 31, 2013
 
7,083

 
$
2.72

 
1.57

 
$
2,900

Vested at December 31, 2013
 
833

 
$
10.00

 
0.25

 
$
100

Exercisable at December 31, 2013
 
833

 
$
10.00

 
0.25

 
$
100

 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
7,083

 
$
2.72

 
1.57

 
$
2,900

Warrants granted
 
219,868

 
$
3.01

 
5.00

 
$
140,149

Warrants exercised
 
(833
)
 
(10.00
)
 

 
(100
)
Warrants canceled/forfeited/expired
 
(6,250
)
 
(1.75
)
 

 
(2,800
)
Warrants at December 31, 2014
 
219,868

 
$
3.01

 
5.00

 
$
140,149

Vested at December 31, 2014
 
109,934

 
$
3.01

 
5.00

 
$
140,149

Exercisable at December 31, 2014
 
109,934

 
$
3.01

 
5.00

 
$
140,149

 
Schedule of Assumptions Used in Option and Warrant Valuations
The following table summarizes the assumptions used in assessing the above described option and warrant valuations: 

 
 
YEAR ENDED DECEMBER 31, 2014
 
YEAR ENDED DECEMBER 31, 2013
 
YEAR ENDED DECEMBER 31, 2012
Expected volatility
 
16-17%
 
20%
 
35-39%
Expected dividends
 
—%
 
—%
 
—%
Expected term (in years)
 
10
 
5-10
 
10
Risk-free rate
 
.67%
 
.64%
 
.35-.39%