Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Details Narrative)

v3.5.0.2
STOCK BASED COMPENSATION (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Stock-based compensation related to stock option grants $ 0 $ 74,000 $ 12,000 $ 174,000
Aggregate intrinsic value of options exercisable 3,312,950   $ 3,312,950  
Aggregate stock options issued to each non- management director     0 35,000
Stock option excercised, exercise price per share       $ 2.34
Unrecognized restricted stock unit compensation expense $ 0   $ 0  
Restricted Stock Units (RSUs) [Member]        
RSUs granted to each non-management director 15,000   15,000  
RSUs issued to each non-management directors vested on the date of grant 7,500   7,500  
RSUs issued to each non-management director vested on September 9, 2016 3,750   3,750  
RSUs issued to each non-management director vested on December 9, 2016 3,750   3,750  
Total number of RSUs granted to officers and consultant 140,000   140,000  
RSUs granted to Chief Financial Officer 50,000   50,000  
RSUs granted to Executive Vice-President 50,000   50,000  
RSUs granted to Consultant 40,000   40,000  
RSUs vested on June 9, 2017 50.00%      
RSUs vested on June 9, 2018 50.00%      
Restricted stock unit compensation expense $ 32,000 $ 0 $ 32,000 $ 0
Unrecognized restricted stock unit compensation expense $ 425,000   $ 425,000  
Weighted average amortized period     1 year 6 months 29 days  
Executive Vice President [Member]        
Aggregate stock options excercised     240,000  
Stock option excercised at $ 1.60 exercise price     240,000  
Stock option excercised at $0.90   150,000    
Delivery of shares of common stock by cashless basis   60,000 198,963  
Delivery of shares to fund withholding taxes     17,092  
Net shares issued   90,000 23,945  
Chief Financial Officer [Member]        
Stock option excercised at $ 1.59 exercise price     100,000  
Delivery of shares of common stock by cashless basis     50,857  
Delivery of shares to fund withholding taxes     5,563  
Delivery of cash for option excercise     $ 60,000  
Net shares issued     43,580  
Consultant [Member]        
Stock option excercised at $1.60     90,000  
Stock option excercised at $0.90   50,000    
Delivery of shares of common stock by cashless basis   19,651 72,727  
Net shares issued   30,349 17,273