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12. STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of options and warrants

Outstanding Options and Warrants Under the 2006 Plan		Shares				Weighted Average  exercise price Per Common Share				Weighted Average Remaining Contractual Life (in years)				Aggregate Intrinsic Value
Balance, December 31, 2013			4,701,250			$	3.15
Granted			–				–
Exercised			(2,293,741	)			2.38
Canceled, forfeited or expired			(315,000	)			5.91
Balance, December 31, 2014			2,092,509				3.58				1.19			$	10,307,826
Exercisable at December 31, 2014			2,049,176				3.61				1.14				10,030,655

Non-Plan Outstanding Warrants

Shares

Weighted Average Exercise price Per Common Share

Weighted Average Remaining Contractual Life (in years)

Aggregate Intrinsic Value

Balance, December 31, 2013

200,000

$

2.62

Granted

–

–

Exercised

(200,000

)

2.62

Canceled, forfeited or expired

–

–

Balance, December 31, 2014

–

–

–

$

–

Exercisable at December 31, 2014

–

–

–

–

Assumptions used for estimating fair value

					Weighted-AverageRemaining Contractual				Weighted-Average
	Shares				Term (Years)				Fair Value
RSA's outstanding at December 31, 2013		786,667							$	2.50
Changes during the period
Granted		1,026,785							$	1.71
Vested		(871,428	)						$	2.16
RSA's at December 31, 2014		942,024				1.01			$	1.96

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- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph i

-Article 4



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 50

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 50

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 28

-Article 5

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