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EQUITY
 9 Months Ended
Sep. 30, 2012
EQUITY [Abstract]  
EQUITY
9. 
EQUITY

On June 13, 2012, the Company sold 1,000,000 shares of common stock at a sales price of $12 per share, upon the closing of an underwritten stock offering.  Roth Capital Partner, LLC acted as representative of the several underwriters (the "Underwriters").  The gross proceeds of the offering were $12 million and net proceeds, after deducting the Underwriters' fees and estimated offering expenses were approximately $11.1 million.  The Company used $3 million of the net proceeds to repay a portion of the Sovereign Revolving Facility.

On July 3, 2012, the Underwriters exercised their over-allotment option whereby the Company sold an additional 195,750 common shares at a price of $12 per share.  The Company's net proceeds were approximately $2.2 million after deducting Underwriters' fees and estimated offering expenses.  The Company used $1 million of the net proceeds to repay a portion of the Sovereign Revolving Facility.