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STOCK OPTIONS (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes stock option activity during the six months ended June 30, 2015:
 
 
Number of
Options
 
Weighted-Average
Exercise Price
Outstanding at January 1, 2015
685,984

 
$
6.56

Granted
608,910

 
1.50

Forfeited
(18,397
)
 
4.08

Expired
(49,198
)
 
9.99

Outstanding at June 30, 2015
1,227,299

 
$
3.95

Exercisable at June 30, 2015
350,213

 
$
7.41

Schedule of Other Share-based Compensation, Activity
The following table summarizes SARs activity under the Plan during the six months ended June 30, 2015:
 
Number of
SARs
 
Weighted-Average
Exercise Price
Outstanding at January 1, 2015
98,333

 
$
4.14

Outstanding at June 30, 2015
98,333

 
$
4.14

Exercisable at June 30, 2015
48,958

 
$
4.32