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STOCK BASED COMPENSATION | 12 Months Ended
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Dec. 31, 2013
STOCK BASED COMPENSATION [Abstract] |
STOCK BASED COMPENSATION | NOTE 8 - STOCK BASED COMPENSATION The Company uses the Black-Scholes option pricing model to calculate the grant-date fair value of an award, with the following assumptions for 2013 and 2012: no dividend yield in both years, expected volatility, based on the Company's historical volatility, 107% to 113% in 2013 and between 77% and 217% in 2012, risk-free interest rate between 0.94% to 1.86% in 2013 and between 0.13% and 2.26% in 2012 and expected option life of 3 to 10 years in 2013 and 2 to 10 years in 2012. As of December 31, 2013, there was $384,591 of unrecognized compensation expense related to non-vested market-based share awards that is expected to be recognized through October 2016. The following tables summarize all stock option and warrant activity of the Company during the year ended December 31, 2013 and 2012:
|  | Non-Qualified Stock Options and Warrants Outstanding and Exercisable |
|  |  |  |  |  |  |  | Weighted |
|  | Number of |  |  | Exercise |  |  | Average |
|  | Shares |  |  | Price |  |  | Exercise Price |
Outstanding, December 31, 2011 |  |  | 8,798,500 |  |  |  | $0.25 - $1.75 |  |  | $ | 1.02 |
Granted |  |  | 1,210,000 |  |  |  | $0.90 - $1.69 |  |  | $ | 1.19 |
Expired |  |  | (25,000 | ) |  |  | $1.25 |  |  | $ | 1.25 |
Forfeited |  |  |  |  |  |  | - |  |  |  | - |
Exercised |  |  | (1,210,000 | ) |  |  | $0.25 - $1.25 |  |  | $ | 0.37 |
Outstanding, December 31, 2012 |  |  | 8,773,500 |  |  |  | $0.25 - $1.75 |  |  | $ | 1.13 |
Granted |  |  | 560,000 |  |  |  | $0.84 - $1.16 |  |  | $ | 0.96 |
Expired |  |  | (1,971,650 | ) |  |  | $0.73 - $1.25 |  |  | $ | 1.02 |
Forfeited |  |  | (120,000 | ) |  |  | $0.93 - $1.03 |  |  | $ | 0.99 |
Exercised |  |  | (95,850 | ) |  |  | $0.345 - $1.25 |  |  | $ | 0.76 |
Outstanding, December 31, 2013 |  |  | 7,146,000 |  |  |  | $0.25 - $1.75 |  |  | $ | 1.16 |
Exercisable, December 31, 2013 |  |  | 6,529,123 |  |  |  | $0.25 - $1.75 |  |  | $ | 1.18 |
Non-Qualified Stock Options and Warrants Outstanding
|  | Number Outstanding |  | Weighted Average |  | Weighted Average
Range of |  | Currently Exercisable |  | Remaining |  | Exercise Price of Options and
Exercise Prices |  | at December 31, 2013 |  | Contractual Life |  | Warrants Currently Exercisable
$0.25 - $1.75 |  | 6,529,123 |  | 2.82 |  | $1.18

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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