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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Basic and diluted net income (loss) per share | Basic and diluted net income (loss) per share were determined as follows: (in thousands, except share and per share amounts)
|  | For the year ended December 31, |
|  | 2014 |  |  | 2013 |
Net income (loss) allocable to common stockholders |  | $ | (29,653 | ) |  | $ | 1,551 |
Weighted average shares outstanding |  |  | 1,942,905 |  |  |  | 504,863 |
Basic net income (loss) per common share |  | $ | (15.26 | ) |  | $ | 3.07 |
Net income (loss) allocable to common stockholders |  | $ | (29,653 | ) |  | $ | 1,551 |
Weighted average shares outstanding |  |  | 1,942,905 |  |  |  | 504,863 |
Effect of dilutive options and warrants |  |  | - |  |  |  | 4,610 |
Weighted average shares outstanding assuming dilution |  |  | 1,942,905 |  |  |  | 509,473 |
Diluted net income (loss) per common share |  | $ | (15.26 | ) |  | $ | 3.04 |
Antidilutive securities excluded from computation of earnings per share | We did not include the following securities in the table below in the computation of diluted net income (loss) per common share because the securities were anti-dilutive during the periods presented:
|  | For the year ended December 31, |
|  | 2014 |  |  | 2013 |
Warrants |  |  | 4,164,756 |  |  |  | 637,581 |
Stock options |  |  | 210,134 |  |  |  | 18,384 |
Preferred stock Series A |  |  | - |  |  |  | 1,161,345 |
Preferred stock Series B |  |  | - |  |  |  | 400,000 |
Total |  |  | 4,374,890 |  |  |  | 2,217,310 |
Stock-based compensation allocation | The following table summarizes stock-based compensation for the years ended December 31, 2014 and 2013 which was allocated as follows (in thousands):
|  | Year ended December 31, 2014 |  |  | Year ended December 31, 2013 |
Research and development |  | $ | 104 |  |  | $ | 31 |
General and administrative |  |  | 1,201 |  |  |  | 408 |
Stock-based compensation expense included in operating expense |  |  | 1,305 |  |  |  | 439 |
Total stock-based compensation expense |  |  | 1,305 |  |  |  | 439 |
Tax benefit |  |  | - |  |  |  | - |
Stock-based compensation expense, net of tax |  | $ | 1,305 |  |  | $ | 439 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -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 S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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