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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of black - scholes option-pricing model valuation assumption

The calculation of the fair value of the awards using the Black - Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following: 

 

    Three months ended March 31,
    2017   2016
Expected volatility   137% - 140%   309%
Expected term   4 Years   4 Years
Risk-free interest rate   1.33%   0.89%
Forfeiture Rate   0.00%   0.00%
Expected dividend yield   0.00%   0.00%

 

Schedule of outstanding stock options

A summary of the status of the Company’s outstanding stock options as of March 31, 2017 and changes during the period ending on that date is as follows: 

 

          Weighted
Average
    Aggregate     Average  
          Exercise     Intrinsic     Remaining  
    Shares (000’s)     Price     Value (000’s)     Term (Yrs)  
Options                                
Balance at December 31, 2016     5,637     $ 1.04     $ 7,317       5.06  
Granted     1,047     $ 3.91                  
Exercised     (214 )   $ 0.35                  
Forfeiture and cancelled     (23 )   $ 0.96                  
At March 31, 2017     6,447     $ 1.53     $ 12,868       5.26  
                                 
Exercisable at March 31, 2017     4,459     $ 0.91                  
Schedule of employee stock options outstanding

The following table summarizes information about employee stock options outstanding at March 31, 2017:

 

    Outstanding Options     Vested Options  
    Number                 Number              
    Outstanding     Weighted     Weighted     Exercisable     Weighted     Weighted  
Range of   at     Averaged     Averaged     at     Averaged     Averaged  
Exercise   March 31,     Remaining     Exercise     March 31,     Exercise     Remaining  
Price   2017 (000's)     Life     Price     2017 (000's)     Price     Life  
$0.20 - $0.53     2,152       4.93     $ 0.26       2,152     $ 0.26       4.93  
$0.65 - $1.80     1,369       3.96     $ 0.88       1,226     $ 0.86       3.75  
$1.83 - $2.84     1,848       5.42     $ 2.08       1,022     $ 2.11       4.93  
$3.20 - $6.20     1,070       7.32     $ 3.90       52       3.60       3.92  
$7.20 - $22.00     8       2.38     $ 10.36       8     $ 10.36       2.38  
Outstanding options     6,447       5.26     $ 1.53       4,460     $ 0.91       4.59  
Summary of restricted stock awards

A summary of the Company’s restricted stock activity for the three months ended March 31, 2017 and 2016 is presented in the following table:

 

    For the Three Months ended  
    March 31, 2017     March 31, 2016  
          Weighted           Weighted  
          Average           Average  
          Grant Date           Grant Date  
    Shares     Fair Value     Shares     Fair Value  
Unvested at beginning of period         $              
Granted     100,000       3.64              
Vested                        
Unvested at end of period     100,000     $ 6.64