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SHARE BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2014
SHARE BASED COMPENSATION [Abstract]  
Schedule of Assumptions Used

The following assumptions were used in the Binomial option pricing model:

 

  Year Ended December 31, 2013
Options
granted		 Average
risk-free
rate of
return		     Exercise
multiple		     Volatility
rate		     Dividend
yield		     Post-
vesting
forfeiture
rate		  
April 3, 2013     2.29%       2.8 times       51.78%       0%       3%  

 

  Year Ended December 31, 2014
Options
granted		 Average
risk-free
rate of
return		     Exercise
multiple		     Volatility
rate		     Dividend
yield		     Post-
vesting
forfeiture
rate		  
January 28, 2014
     2.77%       3.0-3.5 times       93.0%       0%       3-9.5%  
Summary of Stock Option Activity

A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2014 is as follows:

 

  Number of
Options		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Contract Life		     Aggregate
Intrinsic
Value		  
Options outstanding on January 1, 2014     6,371,250     $ 0.25      
     
 
Granted     6,274,166     $ 1.49                  
Forfeited     (112,500 )   $ 1.49                  
Expired     (7,500 )   $ 1.49                  
Exercised     (150,000 )   $ 0.25                  
Options outstanding on December 31, 2014     12,375,416     $ 0.87       7.23     $ 5,016,816  
Options vested or expected to vest on December 31, 2014     8,693,171     $ 0.47       6.02     $ 5,763,445  
Options exercisable on December 31, 2014     7,353,583     $ 0.51       6.07     $ 4,689,250