XML 79 R26.htm IDEA: XBRL DOCUMENT
v2.4.1.9

SHAREHOLDERS' EQUITY (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013
SHAREHOLDERS' EQUITY |  |
Schedule of reconciliation of net income (loss) and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share |
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | (Unaudited) |  | (Unaudited) |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Basic: |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (4,009,477 | ) | $ | (3,951,687 | ) | $ | (3,761,777 | ) | $ | (1,604,244 | )
Denominator: |  |  |  |  |  |  |  |  |
Basic - weighted average common shares outstanding |  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Basic EPS |  | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.17 | ) | $ | (0.07 | )
Diluted: |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (4,009,477 | ) | $ | (3,951,687 | ) | $ | (3,761,777 | ) | $ | (1,604,244 | )
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |
Stock options |  | — |  | — |  | — |  | — |
|  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Diluted EPS |  | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.17 | ) | $ | (0.07 | )
|  | December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Numerator: |  |  |  |  |  |  |
Net income (loss) |  | $ | (6,316,041 | ) | $ | 15,671,879 |  | $ | 10,833,215 |
Denominator: |  |  |  |  |  |  |
Basic - weighted average common shares outstanding |  | 21,841,582 |  | 21,513,638 |  | 21,215,800 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Stock options |  | — |  | 384,738 |  | 332,601 |
|  | 21,841,582 |  | 21,898,376 |  | 21,548,401 |
Basic net income (loss) per share |  | $ | (0.29 | ) | $ | 0.73 |  | $ | 0.51 |
Diluted net income (loss) per share |  | $ | (0.29 | ) | $ | 0.72 |  | $ | 0.50 |
Summary of activity under the 2006 Plans |  |
|  |  |  | Weighted |
|  | Shares under |  | Average |
|  | Option |  | exercise price |
Balance at December 31, 2010 |  | 803,681 |  | $ | 3.63 |
Granted |  | 109,347 |  | $ | 5.78 |
Exercised |  | (59,334 | ) | $ | 3.06 |
Canceled |  | (21,000 | ) | $ | 4.10 |
Balance at December 31, 2011 |  | 832,694 |  | $ | 3.97 |
Granted |  | 143,602 |  | $ | 6.86 |
Exercised |  | (192,949 | ) | $ | 4.20 |
Canceled |  | (51,496 | ) | $ | 8.94 |
Balance at December 31, 2012 |  | 731,851 |  | $ | 4.16 |
Granted |  | 117,611 |  | $ | 7.61 |
Exercised |  | (328,403 | ) | $ | 2.97 |
Canceled |  | (63,330 | ) | $ | 6.61 |
Balance at December 31, 2013 |  | 457,729 |  | $ | 5.31 |
Schedule of information that applies to options outstanding and exercisable |  | The following information applies to options outstanding and exercisable at December 31, 2013:
|  |  |  |  |  | Weighted |  |  |
|  |  |  |  |  | average |  |  |
|  |  |  |  |  | remaining |  | Weighted |
|  | Range of |  | Number |  | contractual |  | average |
|  | Exercise prices |  | outstanding |  | life (in years) |  | exercise price |
Outstanding options |  | $3.52 – $7.18 |  | 457,729 |  | 2.84 |  | $ | 5.31 |
Exercisable options |  | $3.52 – $7.18 |  | 402,724 |  | 2.58 |  | $ | 5.08 |

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration