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STOCK OPTION PLANS (Tables)
 12 Months Ended
Dec. 31, 2015
2015 Equity Incentive Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options

Summarized information for the 2015 Equity Incentive Plan is as follows:

 

     Weighted- 
     average 
     exercise 
  Options  price 
Outstanding options at January 1, 2015  -  $- 
Granted, fair value of $5.18 per share  1,994,000   6.90 
Outstanding options at December 31, 2015  1,994,000   6.90 
         
Exercisable at December 31, 2015  35,000   7.34 
Information regarding options outstanding by range of exercise prices

Further information regarding options outstanding under the 2015 Equity Incentive Plan at December 31, 2015 is summarized below:

 

  Number of  Weighted average  Number of  Weighted-average 
  options  Remaining  Exercise  options  Remaining  Exercise 
Range of exercise prices outstanding  life in years  price  exercisable  life in years  price 
                         
$4.38 - 7.34  1,994,000   9.0  $6.90   35,000   9.0  $7.34 
2005 Equity Incentive Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options

Summarized information for the 2005 Equity Incentive Plan is as follows:

 

    Weighted- 
    average 
    exercise 
  Options  price 
Outstanding options at January 1, 2014  28,784  $59.00 
Granted, fair value of $14.50 per share  212,500   18.50 
Expired/forfeited  (31,200)  37.61 
Outstanding options at December 31, 2014  210,084   20.19 
         
Granted, fair value of $4.52  120,000   3.25 
Outstanding options at December 31, 2015  330,084   13.49 
         
Exercisable at December 31, 2015  319,884   15.02 
Information regarding options outstanding by range of exercise prices

Further information regarding options outstanding under the 2005 Equity Incentive Plan at December 31, 2015 is summarized below:

 

  Number of  Weighted average  Number of  Weighted-average 
  options  Remaining  Exercise  options  Remaining  Exercise 
Range of exercise prices outstanding  life in years  price  exercisable  life in years  price 
                   
$3.25  120,000   4.0  $3.25   110,000   4.0  $3.25 
$11.50 - 18.50  200,000   7.7  $18.33   199,800   7.7  $18.32 
$30.50 - 42.50  4,000   4.1  $32.19   4,000   4.1  $32.19 
$69.00  1,400   4.0  $69.00   1,400   4.0  $69.00 
$113.50 – 157.50  4,684   5.0  $119.99   4,684   5.0  $119.99 
   330,084       319,884