Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Status of outstanding stock warrants
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life  
Balance at December 31, 2013     708,260     $ 6.66       2.74  
Granted     255,895     $ 7.50       -  
Cancelled     23,077       -       -  
Forfeited     -       -       -  
Exercised     66,365     $ 6.23       -  
Balance at September 30, 2014     874,713       6.92       1.76  
                         
Warrants exercisable at September 30, 2014     868,367                  
Weighted average fair value of warrants granted during the period           $ -          
Summary of stock options
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Life  
Balance at December 31, 2013     1,338,076     $ 5.83       5.21  
Granted     470,000     $ 9.68       -  
Cancelled     649,999     $ 5.73       -  
Forfeited     120,870     $ 5.71       -  
Exercised     13,361     $ 5.68       -  
Balance at September 30, 2014     1,023,846     $ 7.60       7.12  
                         
Options Exercisable at September 30, 2014     365,094                  
Options expected to vest     658,752                  
Weighted average fair value of options granted during the period           $ 7.50