Quarterly report pursuant to Section 13 or 15(d)

8. FAIR VALUE MEASUREMENTS (Details-Significant Assumptions and Fair Value)

v2.4.0.8
8. FAIR VALUE MEASUREMENTS (Details-Significant Assumptions and Fair Value) (USD $)
 9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Significant assumptions used in the valuations    
Warrants Outstanding 1,002,000 8,241,000
Fair value (in dollars) $ 4,793,000 $ 8,215,000
Original Issuance 09/26/2012
    
Significant assumptions used in the valuations    
Exercise price $ 8.85  
Volatility 51.20%  
Risk free interest rate 0.13%  
Term (years) 11 months 26 days  
Discount for Marketability restrictions 35.60%  
Warrants Outstanding 473,000  
Fair value (in dollars) 1,732,000  
Original issuance 7/3/2012
    
Significant assumptions used in the valuations    
Exercise price $ 6.09 $ 6.09
Volatility 52.30% 61.20%
Risk free interest rate 1.07% 1.27%
Term (years) 2 years 9 months 4 days 3 years 6 months 4 days
Discount for Marketability restrictions 31.70% 40.20%
Warrants Outstanding 473,000 1,812,000
Fair value (in dollars) 1,732,000 3,008,000
Original issuance 12/13/2011
    
Significant assumptions used in the valuations    
Exercise price $ 8.43 $ 8.43
Volatility 52.00% 60.40%
Risk free interest rate 0.58% 0.78%
Term (years) 2 years 2 months 16 days 2 years 11 months 12 days
Discount for Marketability restrictions 29.20% 37.90%
Warrants Outstanding 138,000 306,000
Fair value (in dollars) 700,000 455,000
Original Issuance 03/28/2013
    
Significant assumptions used in the valuations    
Exercise price   $ 7.59
Volatility   52.40%
Risk free interest rate   0.13%
Term (years)   1 year 2 months 12 days
Discount for Marketability restrictions   22.70%
Warrants Outstanding   788,000
Fair value (in dollars)   495,000
Original Issuance 06/21/2013
    
Significant assumptions used in the valuations    
Exercise price   $ 7.59
Volatility   52.40%
Risk free interest rate   0.13%
Term (years)   1 year 2 months 26 days
Discount for Marketability restrictions   22.70%
Warrants Outstanding   1,051,000
Fair value (in dollars)   660,000
Original issuance 1/11/2013
    
Significant assumptions used in the valuations    
Exercise price   $ 6.32
Volatility   63.30%
Risk free interest rate   1.27%
Term (years)   4 years 11 days
Discount for Marketability restrictions   43.80%
Warrants Outstanding   1,709,000
Fair value (in dollars)   2,892,000
Original issuance 9/26/2012
    
Significant assumptions used in the valuations    
Exercise price   $ 8.85
Volatility   58.50%
Risk free interest rate   0.38%
Term (years)   1 year 8 months 26 days
Discount for Marketability restrictions   42.30%
Warrants Outstanding   1,771,000
Fair value (in dollars)   702,000
Original issuance 7/3/2012 (2nd one)
    
Significant assumptions used in the valuations    
Exercise price   $ 5.47
Volatility   52.80%
Risk free interest rate   0.01%
Term (years)   4 days
Discount for Marketability restrictions   42.30%
Warrants Outstanding   804,000
Fair value (in dollars)   $ 3,000