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SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
SHAREHOLDERS EQUITY
9.
SHAREHOLDERS’ EQUITY:
Scientific Advisory Board and Employee Awards
During the three months ended March 31, 2016 and 2015, the Company issued a total of 27,967 and 35,205 shares, respectively, of fully vested common stock to employees and non-employee members of the Scientific Advisory Board for services performed in 2015 and 2014, respectively. The fair value of the shares issued was $1.1 million and $967,000, respectively, for employees and $300,000 and $300,000, respectively, for non-employee members of the Scientific Advisory Board, which amounts were accrued at December 31, 2015 and 2014, respectively. In connection with the issuance of these grants, 8,106 and 9,565 shares, respectively, with fair values of $410,000 and $346,000, respectively, were withheld in satisfaction of employee tax withholding obligations in 2016 and 2015, respectively.