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STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2015

Employees

STOCK OPTION EXERCISES

Summary of options outstanding

		Years Ended December 31,
		2015					2014					2013
		Shares		Weighted  Average  Exercise  Price			Shares		Weighted  Average  Exercise  Price			Shares		Weighted  Average  Exercise  Price
Outstanding at beginning of period		2,386,736		$	0.95		2,820,631		$	0.95		3,367,081		$	0.95
Granted		—		$	—		—		$	—		50,000		$	1.46
Exercised		(259,977	)	$	(1.05	)	(418,195	)	$	(0.95	)	(584,450	)	$	(0.92	)
Forfeited		(1,690	)	$	(1.30	)	(15,700	)	$	(1.37	)	(12,000	)	$	(2.38	)
Outstanding at end of period		2,125,069		$	0.94		2,386,736		$	0.95		2,820,631		$	0.95
Exercisable at end of period		2,125,069		$	0.94		2,386,736		$	0.95		2,820,631		$	0.95

Schedule of information about stock options by range of exercise prices

The following table summarizes information about Director, officer, and employee options outstanding under the aforementioned plans at December 31, 2015:

Exercise  Prices			Shares  Outstanding		Weighted  Average  Remaining  Contractual  Life		Shares  Exercisable
$	1.30		495,366		2.88		495,366
$	1.46		50,000		7.37		50,000
$	0.81		1,579,703		3.54		1,579,703

Non Employees

STOCK OPTION EXERCISES

Summary of options outstanding

		Years Ended December 31,
		2015					2014					2013
		Shares		Weighted  Average  Exercise  Price			Shares		Weighted  Average  Exercise  Price			Shares		Weighted  Average  Exercise  Price
Outstanding at beginning of period		70,000		$	0.81		70,000		$	0.81		70,000		$	0.81
Granted		—		—			—		—			—		—
Exercised		(12,500	)	(0.81		)	—		—			—		—
Forfeited		—		$	—		—		—			—		$	—
Outstanding at end of period		57,500		$	0.81		70,000		$	0.81		70,000		$	0.81
Exercisable at end of period		57,500		$	0.81		70,000		$	0.81		70,000		$	0.81

Schedule of information about stock options by range of exercise prices

The following table summarizes information about non-employee options outstanding under the aforementioned plans at December 31, 2015:

Exercise  Price			Shares  Outstanding		Weighted Average  Remaining Contractual Life		Shares  Exercisable
$	0.81		57,500		3.54		57,500

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

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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)
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