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8. FAIR VALUE MEASUREMENTS (Details-Significant Assumptions and Fair Value) (USD $) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013
Significant assumptions used in the valuations |  |
Warrants Outstanding | 1,002,000 | 8,241,000
Fair value (in dollars) | $ 4,793,000 | $ 8,215,000
Original Issuance 09/26/2012 |  |
Significant assumptions used in the valuations |  |
Exercise price | $ 8.85 |
Volatility | 51.20% |
Risk free interest rate | 0.13% |
Term (years) | 11 months 26 days |
Discount for Marketability restrictions | 35.60% |
Warrants Outstanding | 473,000 |
Fair value (in dollars) | 1,732,000 |
Original issuance 7/3/2012 |  |
Significant assumptions used in the valuations |  |
Exercise price | $ 6.09 | $ 6.09
Volatility | 52.30% | 61.20%
Risk free interest rate | 1.07% | 1.27%
Term (years) | 2 years 9 months 4 days | 3 years 6 months 4 days
Discount for Marketability restrictions | 31.70% | 40.20%
Warrants Outstanding | 473,000 | 1,812,000
Fair value (in dollars) | 1,732,000 | 3,008,000
Original issuance 12/13/2011 |  |
Significant assumptions used in the valuations |  |
Exercise price | $ 8.43 | $ 8.43
Volatility | 52.00% | 60.40%
Risk free interest rate | 0.58% | 0.78%
Term (years) | 2 years 2 months 16 days | 2 years 11 months 12 days
Discount for Marketability restrictions | 29.20% | 37.90%
Warrants Outstanding | 138,000 | 306,000
Fair value (in dollars) | 700,000 | 455,000
Original Issuance 03/28/2013 |  |
Significant assumptions used in the valuations |  |
Exercise price |  | $ 7.59
Volatility |  | 52.40%
Risk free interest rate |  | 0.13%
Term (years) |  | 1 year 2 months 12 days
Discount for Marketability restrictions |  | 22.70%
Warrants Outstanding |  | 788,000
Fair value (in dollars) |  | 495,000
Original Issuance 06/21/2013 |  |
Significant assumptions used in the valuations |  |
Exercise price |  | $ 7.59
Volatility |  | 52.40%
Risk free interest rate |  | 0.13%
Term (years) |  | 1 year 2 months 26 days
Discount for Marketability restrictions |  | 22.70%
Warrants Outstanding |  | 1,051,000
Fair value (in dollars) |  | 660,000
Original issuance 1/11/2013 |  |
Significant assumptions used in the valuations |  |
Exercise price |  | $ 6.32
Volatility |  | 63.30%
Risk free interest rate |  | 1.27%
Term (years) |  | 4 years 11 days
Discount for Marketability restrictions |  | 43.80%
Warrants Outstanding |  | 1,709,000
Fair value (in dollars) |  | 2,892,000
Original issuance 9/26/2012 |  |
Significant assumptions used in the valuations |  |
Exercise price |  | $ 8.85
Volatility |  | 58.50%
Risk free interest rate |  | 0.38%
Term (years) |  | 1 year 8 months 26 days
Discount for Marketability restrictions |  | 42.30%
Warrants Outstanding |  | 1,771,000
Fair value (in dollars) |  | 702,000
Original issuance 7/3/2012 (2nd one) |  |
Significant assumptions used in the valuations |  |
Exercise price |  | $ 5.47
Volatility |  | 52.80%
Risk free interest rate |  | 0.01%
Term (years) |  | 4 days
Discount for Marketability restrictions |  | 42.30%
Warrants Outstanding |  | 804,000
Fair value (in dollars) |  | $ 3,000

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