Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.3.0.814
SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the stock option activity and related information for the Plans for the nine months ended September 30, 2015 is as follows: 
 
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Weighted-
 
 
Average
 
 
 
 
 
 
 
 
Average
 
 
Remaining
 
Aggregate
Intrinsic
 
 
 
Shares
 
Exercise Price
 
 
Contractual Term
 
Value
 
Outstanding at January 1, 2015
 
 
1,226,800
 
$
12.40
 
 
9.00
 
 
 
 
Grants
 
 
468,243
 
$
5.98
 
 
9.41
 
$
-
 
Forfeitures or expirations
 
 
(83,400)
 
$
8.17
 
 
 
 
 
 
 
Outstanding at September 30, 2015
 
 
1,611,643
 
$
10.76
 
 
8.56
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest at September 30, 2015
 
 
1,611,643
 
$
10.76
 
 
8.56
 
$
-
 
Exercisable at September 30, 2015
 
 
575,149
 
$
16.14
 
 
7.66
 
$
-
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2015 and 2014 were as follows:
 
 
 
Nine Months
 
Nine Months
 
 
 
Ended
 
Ended
 
 
 
September 30,
 
September 30,
 
 
 
2015
 
2014
 
Risk-free interest rate
 
 
1.47% to 2.35%
 
 
2.19% to 2.52%
 
Expected term of option
 
 
6.0 to 9.91 years
 
 
6.0 to 9.72 years
 
Expected stock price volatility
 
 
80.91% to 92.13%
 
 
94.57% to 100.73%
 
Expected dividend yield
 
$
0.0
 
$
0.0