Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2015
Stockholders Equity Tables  
Status of outstanding stock warrants
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life  
Balance at December 31, 2014     1,926,308     $ 4.10       1.55  
Granted     100,000     $ 7.44       4.59  
Cancelled     -       -       -  
Forfeited     -       -       -  
Exercised     5,000     $ 3.75       -  
Balance at June 30, 2015     2,021,308       4.27       1.23  
                         
Warrants exercisable at June 30, 2015     2,021,308                  
Weighted average fair value of warrants granted during the period           $ 3.19          
Summary of stock options
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Life  
Balance at December 31, 2014     3,017,690     $ 4.64       7.77  
Granted     345,000     $ 6.79       8.81  
Cancelled     -     $ -       -  
Forfeited     462,330     $ 5.53       -  
Exercised     33,968     $ 3.25       -  
Balance at June 30, 2015     2,866,392     $ 4.70       7.12  
                         
Options Exercisable at June 30, 2015     1,521,772                  
Options expected to vest     1,344,620                  
Weighted average fair value of options granted during the period           $ 2.36