STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

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

Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2015 and 2014 are summarized as follows:

OPTIONS ISSUED FOR COMPENSATION:	Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
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	)	(12.71		)	—	(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
Outstanding at December 31, 2014	2,648,583		$	7.07		5.81	$	1,654,641
Options granted	525,000		2.23			9.71	1,083,411
Options exercised	(25,000	)	(0.45		)	—	(9,000		)
Options cancelled/forfeited/expired	(275,001	)	(20.22		)	—	(143,711		)
Outstanding at December 31, 2015	2,873,582		$	4.99		5.94	$	2,585,341
Vested at December 31, 2015	1,881,395		$	5.70		4.55	$	372,367
Exercisable at December 31, 2015	1,881,395		$	5.70		4.55	$	372,367

Schedule of Stock Warrant Activity

A summary of the Company’s stock warrant activity and related information for the years ended December 31, 2015 and 2014 is as follows:

WARRANTS ISSUED FOR COMPENSATION AND OTHER THAN SERIES B PREFERRED STOCK:	Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)	Grant Date Fair Value
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
Outstanding at December 31, 2014	219,868		$	3.01		5.00	$	140,149
Warrants granted	—		$	—		—	$	—
Warrants exercised	—		—			—	—
Warrants canceled/forfeited/expired	—		—			—	—
Warrants at December 31, 2015	219,868		$	3.01		4.00	$	140,149
Vested at December 31, 2015	219,868		$	3.01		4.00	$	140,149
Exercisable at December 31, 2015	219,868		$	3.01		4.00	$	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, 2015	YEAR ENDED DECEMBER 31, 2014
Expected volatility	29-69%	16-17%
Expected dividends	—%	—%
Expected term (in years)	10	10
Risk-free rate	.96-1.06%	.67%