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STOCKHOLDERS' EQUITY (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
In applying the Black-Scholes option pricing model, the Company used the following weighted average assumptions:
| | | For The Years Ended | |
| | | December 31, | |
| | | 2014 | | | 2013 | |
| Risk free interest rate | | | 1.14 | % | | | 0.71 | % |
| Expected term (years) | | | 3.54 | | | | 3.09 | |
| Expected volatility | | | 46.4 | % | | | 48.4 | % |
| Expected dividends | | | 0 | % | | | 0 | % |
| Forfeiture rate | | | 5.0 | % | | | 5.0 | % |
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| Employee Stock Option [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
A summary of options activity during the years ended December 31, 2014 and 2013 is presented below:
| | | | | | | Weighted | | | |
| | | | | Weighted | | Average | | | |
| | | | | Average | | Remaining | | | |
| | | Number of | | Exercise | | Life | | Intrinsic | |
| | | Options | | Price | | In Years | | Value | |
| Outstanding, December 31, 2012 | | | 4,541,095 | | $ | 3.55 | | | | | | | | |
| Granted | | | 3,115,000 | | | 2.49 | | | | | | | | |
| Exercised | | | - | | | - | | | | | | | | |
| Cancelled | | | (519,859) | | | 6.75 | | | | | | | | |
| Forfeited | | | - | | | - | | | | | | | | |
| Outstanding, December 31, 2013 | | | 7,136,236 | | | 2.85 | | | | | | | | |
| Granted | | | 2,649,000 | | | 2.48 | | | | | | | | |
| Exercised | | | (598,367) | | | 1.59 | | | | | | | | |
| Cancelled | | | (784,965) | | | 2.67 | | | | | | | | |
| Forfeited | | | (595,068) | | | 2.79 | | | | | | | | |
| Outstanding, December 31, 2014 | | | 7,806,836 | | $ | 2.85 | | | | 3.2 | | $ | 144,827 | |
| | | | | | | | | | | | | | | |
| Exercisable, December 31, 2014 | | | 4,872,421 | | $ | 2.98 | | | | 2.4 | | $ | 156,610 | |
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| Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range [Table Text Block] |
The following table presents information related to stock options at December 31, 2014:
| | | Options Outstanding | | Options Exercisable | |
| | | Weighted | | | | Weighted | | Weighted | | | |
| Range of | | Average | | Outstanding | | Average | | Average | | Exercisable | |
| Exercise | | Exercise | | Number of | | Exercise | | Remaining Life | | Number of | |
| Price | | Price | | Options | | Price | | In Years | | Options | |
| $1.59 - $2.00 | | $ | 1.59 | | | 381,975 | | $ | 1.59 | | 0.1 | | | 381,975 | |
| $2.01 - $2.50 | | $ | 2.48 | | | 5,279,000 | | $ | 2.48 | | 3.5 | | | 2,661,250 | |
| $2.51 - $3.50 | | $ | 2.72 | | | 251,232 | | $ | 2.72 | | 0.5 | | | 251,232 | |
| $3.51 - $4.50 | | $ | 3.85 | | | 1,859,000 | | $ | 3.85 | | 1.6 | | | 1,542,335 | |
| $4.51 - $9.50 | | $ | 8.03 | | | 19,868 | | $ | 8.03 | | 0.3 | | | 19,868 | |
| $9.51 - $41.78 | | $ | 33.94 | | | 15,761 | | $ | 33.94 | | 0.3 | | | 15,761 | |
| $1.59 - $41.78 | | $ | 2.85 | | | 7,806,836 | | $ | 2.98 | | 2.4 | | | 4,872,421 | |
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| Warrant [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] |
A summary of warrants activity during the years ended December 31, 2014 and 2013 is presented below:
| | | Number
of
Warrants | | Weighted
Average
Exercise
Price | | Weighted
Average
Remaining
Life in Years | | Intrinsic
Value | |
| Outstanding, December 31, 2012 | | | 885,628 | | $ | 2.93 | | | | | | | |
| Issued | | | 235,666 | | | 2.30 | | | | | | | |
| Exercised | | | - | | | - | | | | | | | |
| Cancelled | | | (222,138) | | | 3.82 | | | | | | | |
| Outstanding, December 31, 2013 | | | 899,156 | | | 2.54 | | | | | | | |
| Issued | | | 349,444 | | | 2.26 | | | | | | | |
| Exercised | | | | | | | | | | | | | |
| Cancelled | | | (178,926) | | | 3.70 | | | | | | | |
| Outstanding, December 31, 2014 | | | 1,069,674 | | $ | 2.26 | | | 3.5 | | $ | 18,913 | |
| | | | | | | | | | | | | | |
| Exercisable, December 31, 2014 | | | 1,069,674 | | $ | 2.26 | | | 3.5 | | $ | 18,913 | |
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| Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range [Table Text Block] |
A summary of outstanding and exercisable warrants as of December 31, 2014 is presented below:
| Warrants Outstanding | | Warrants Exercisable | |
| Exercise
Price | | Exercisable Info | | Outstanding
Number of
Warrants | | Weighted
Average
Remaining
Life In Years | | Exercisable
Number of
Warrants | |
| $ | 1.59 | | Common Stock | | | 46,130 | | | 0.5 | | | 46,130 | |
| $ | 2.00 | | Common Stock | | | 50,000 | | | 5.0 | | | 50,000 | |
| $ | 2.30 | | Preferred Stock | | | 973,544 | | | 3.6 | | | 973,544 | |
| | | | Total | | | 1,069,674 | | | 3.5 | | | 1,069,674 | |
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