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SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2016
Stockholders' Equity Note [Abstract] |
Schedule of stock options | A summary of the combined activity in the 2001 ISOP, the 2012 Equity Plan, and the 2008 Director SOP for the years ended December 31, 2016, 2015 and 2014 is as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | Shares |  |  | Price (1) |  |  | Shares |  |  | Price (1) |  |  | Shares |  |  | Price (1) |
Outstanding, beginning of year |  |  | 390,525 |  |  | $ | 20.64 |  |  |  | 2,276,079 |  |  | $ | 3.78 |  |  |  | 2,646,949 |  |  | $ | 3.56 |
Granted |  |  | - |  |  |  | - |  |  |  | 340,711 |  |  |  | 1.50 |  |  |  | 60,000 |  |  |  | 3.77 |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3,333 | ) |  |  | 2.08 |
Expired |  |  | - |  |  |  | - |  |  |  | (273,768 | ) |  |  | 3.86 |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (427,537 | ) |  |  | 2.46 |
Outstanding, end of year |  |  | 390,525 |  |  | $ | 20.64 |  |  |  | 2,343,022 |  |  | $ | 3.44 |  |  |  | 2,276,079 |  |  | $ | 3.78 |
Shares restated after 6 to 1 split |  |  | 390,525 |  |  | $ | 20.64 |  |  |  | 390,525 |  |  | $ | 20.64 |  |  |  | 379,347 |  |  | $ | 22.69 |
Exercisable, end of year |  |  | 2,194,022 |  |  | $ | 3.53 |  |  |  | 2,194,022 |  |  | $ | 3.53 |  |  |  | 2,031,413 |  |  | $ | 3.92 |
Shares restated after 6 to 1 split |  |  | 376,084 |  |  | $ | 20.97 |  |  |  | 365,693 |  |  | $ | 21.17 |  |  |  | 338,569 |  |  | $ | 22.75 |
| (1) | Represents the weighted average price.
Schedule of stock options outstanding and for stock options exercisable | The following table summarizes information for stock options outstanding and for stock options exercisable at December 31, 2016:
Options Outstanding |  |  | Options Exercisable |
Number |  |  | Exercise Price |  |  | Remaining |  |  | Number |  |  | Weighted |
of |  |  | Range |  |  | Weighted |  |  | Contractual |  |  | of |  |  | Average |
Shares |  |  | Low |  |  | High |  |  | Average |  |  | Term (years) |  |  | Shares |  |  | Exercise Price |
| 56,786 |  |  | $ | 9.00 |  |  | $ | 9.00 |  |  | $ | 9.00 |  |  |  | 8.0 |  |  |  | 45,675 |  |  | $ | 9.00 |
| 49,504 |  |  |  | 12.48 |  |  |  | 12.48 |  |  |  | 12.48 |  |  |  | 6.5 |  |  |  | 49,504 |  |  |  | 12.48 |
| 98,396 |  |  |  | 13.92 |  |  |  | 17.10 |  |  |  | 15.01 |  |  |  | 2.8 |  |  |  | 98,396 |  |  |  | 15.01 |
| 185,839 |  |  |  | 22.62 |  |  |  | 30.24 |  |  |  | 29.35 |  |  |  | 1.0 |  |  |  | 182,509 |  |  |  | 29.48 |
| 390,525 |  |  | $ | 9.00 |  |  | $ | 30.24 |  |  | $ | 20.64 |  |  |  | 3.2 |  |  |  | 376,084 |  |  | $ | 20.97 |
Schedule of number of options available for grant as well as the intrinsic value of the options outstanding and exercisable | The following table sets forth the number of options available for grant as well as the intrinsic value of the options outstanding and exercisable as of December 31, 2016, 2015 and 2014:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Shares available for future grants |  |  | - |  |  |  | 2,108,578 |  |  |  | 790,000 |
Shares restated after 6 to 1 split |  |  | - |  |  |  | 351,430 |  |  |  | 131,667 |
Aggregate intrinsic value for options: |  |  |  |  |  |  |  |  |  |  |  |
Outstanding |  |  | - |  |  |  | - |  |  |  | - |
Exercisable |  | $ | - |  |  | $ | - |  |  | $ | -
Schedule of assumprtions fair value of options | In estimating the fair value of options, the Company used the Black-Scholes option-pricing model with the following weighted average assumptions:
|  | 2015 |  |  | 2014 |
Expected lives (in years) |  |  | 6.0 |  |  |  | 6.0 |
Risk-free interest rate |  |  | 1.77 | % |  |  | 2.06 | %
Expected volatility |  |  | 63.36 | % |  |  | 65.45 | %
Expected dividend yield |  |  | 0.00 | % |  |  | 0.00 | %

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