STOCK-BASED COMPENSATION (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
Stock Options [Member]
|
Sep. 30, 2012
Stock Options [Member]
|
Sep. 30, 2013
Stock Options [Member]
|
Sep. 30, 2012
Stock Options [Member]
|
Sep. 30, 2013
Director [Member]
Stock Options [Member]
|
Sep. 30, 2012
Director [Member]
Stock Options [Member]
|
Sep. 30, 2013
Director [Member]
Stock Options [Member]
|
Sep. 30, 2012
Director [Member]
Stock Options [Member]
|
Sep. 30, 2013
Mr. Hatem El Khalidi [Member]
Stock Options [Member]
|
Sep. 30, 2013
Mr. Hatem El Khalidi [Member]
Stock Options [Member]
|
May 29, 2013
Simon Upfill-Brown [Member]
Stock Options [Member]
|
Sep. 30, 2013
Simon Upfill-Brown [Member]
Stock Options [Member]
|
Sep. 30, 2013
Simon Upfill-Brown [Member]
Stock Options [Member]
|
||||
Fair value of the warrants granted calculated using the Black-Scholes valuation model, Assumptions [Abstract] | |||||||||||||||||||
Expected volatility (in hundredths) | 85.00% | ||||||||||||||||||
Expected dividends | |||||||||||||||||||
Expected term (in years) | 6 years 3 months | ||||||||||||||||||
Risk free interest rate (in hundredths) | 1.326% | ||||||||||||||||||
Stock Options [Roll Forward] | |||||||||||||||||||
Outstanding at beginning of period (in shares) | 1,173,180 | ||||||||||||||||||
Granted (in shares) | 90,000 | 90,000 | |||||||||||||||||
Exercised (in shares) | (29,320) | ||||||||||||||||||
Expired (in shares) | 0 | ||||||||||||||||||
Cancelled (in shares) | 0 | ||||||||||||||||||
Forfeited (in shares) | 0 | ||||||||||||||||||
Outstanding at end of period (in shares) | 1,233,860 | 1,233,860 | |||||||||||||||||
Exercisable, end of period (in shares) | 428,356 | 428,356 | |||||||||||||||||
Weighted Average Exercise Price Per Share [Roll Forward] | |||||||||||||||||||
Outstanding at beginning of period (in dollars per share) | $ 4.04 | ||||||||||||||||||
Granted (in dollars per share) | $ 7.71 | ||||||||||||||||||
Exercised (in dollars per share) | $ 4.29 | ||||||||||||||||||
Expired (in dollars per share) | $ 0 | ||||||||||||||||||
Cancelled (in dollars per share) | $ 0 | ||||||||||||||||||
Forfeited (in dollars per share) | $ 0 | ||||||||||||||||||
Outstanding at end of period (in dollars per share) | $ 4.31 | $ 4.31 | |||||||||||||||||
Exercisable, end of period (in dollars per share) | $ 3.55 | $ 3.55 | |||||||||||||||||
Weighted Average Remaining Contractual Life [Abstract] | |||||||||||||||||||
Outstanding, weighted average remaining contractual life | 7 years | ||||||||||||||||||
Exercisable, weighted average remaining contractual life | 6 years 2 months 12 days | ||||||||||||||||||
Options awarded, term | P10Y | ||||||||||||||||||
Vesting period | 4 years | 4 years | |||||||||||||||||
Compensation expense | 882,000 | 293,000 | [1] | 119,000 | 119,000 | 356,000 | 371,000 | 24,000 | 73,000 | 50,000 | 52,000 | ||||||||
Directors fees and expenses related to options to purchase shares | 94,000 | 68,000 | 283,000 | 194,000 | |||||||||||||||
Common Stock, issued (in shares) | 100,000 | 100,000 | |||||||||||||||||
Strike Price (in dollars per share) | $ 10.00 | $ 10.00 | |||||||||||||||||
Warrant Term | 5 years | ||||||||||||||||||
Vesting percentage (in hundredths) | 50.00% | 25.00% | |||||||||||||||||
Vesting of warrant in year one, Description | equal increments of 1/12th each calendar month throughout the first year | ||||||||||||||||||
Vesting of warrant thereafter, Description | equal increments of 1/36th each calendar month over years 2 through 4 contingent upon continuous investor relations service under the consulting agreement | ||||||||||||||||||
Investor relations expense | $ 47,000 | $ 118,000 | |||||||||||||||||
|