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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Schedule of Stock Warrant Activity

 

   
Number of
Shares
Under
Company
Warrants
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life in Years
   
 
Aggregate
Intrinsic
Value
 
Balance at December 31, 2011
    3,057,627     $0.36       7.9     $ 3,483,691  
   Granted
    17,332,500     $1.26       4.8     $ 26,891,400  
   Exercised
    (8,145,486 )                      
   Expired
    -0-                        
   Cancelled
    -0-                        
Balance at June 30, 2012
    12,244,641     $1.62       5.3     $ 14,644,646  
Vested and Exercisable at
    11,600,304     $1.69       5.1     $ 13,065,984  
    June 30, 2012

Schedule of Assumptions FV Options

 

Risk-free interest rate
    0.84-2.23 %
Volatility
    40.77-43.10 %
Expected life (in years)
    5.5-6.75
Dividend yield
    0.00 %

Schedule of Share-based Compensation Activity

 

   
Number of
Shares
Under
Company
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life in Years
   
 
Aggregate
Intrinsic Value
 
Balance at December 31, 2011
    10,590,161     $0.16       7.6     $ 14,067,649  
   Granted
    1,905,000     $2.39       9.8     $ 782,000  
   Exercised
    (1,850,507 )                        
   Expired
    -0-                          
   Cancelled
    (25,000 )-                        
Balance at June 30, 2012
    10,619,654     $0.58       7.6     $ 23,481,938  
Vested and Exercisable at
    7,283,850     $0.13       6.9     $ 19,316,956  
    June 30, 2012