Annual report pursuant to Section 13 and 15(d)

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

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16. FAIR VALUE MEASUREMENTS (Details - Significant Assumptions and Fair Value) - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Significant assumptions used in the valuations    
Fair value (in dollars) $ 273,000 $ 1,986,000
Original issuance 7/3/2012    
Significant assumptions used in the valuations    
Exercise price $ 6.09 $ 6.09
Volatility 49.10% 56.10%
Risk free interest rate 0.86% 0.89%
Term (years) 1 year 6 months 4 days 2 years 6 months 4 days
Market Discount 22.90% 32.80%
Warrants Outstanding 211,000 211,000
Fair value (in dollars) $ 200,000 $ 811,000
Original issuance 12/13/2011    
Significant assumptions used in the valuations    
Exercise price $ 8.43 $ 8.43
Volatility 48.40% 54.30%
Risk free interest rate 0.65% 0.67%
Term (years) 11 months 12 days 1 year 11 months 12 days
Market Discount 18.30% 28.70%
Warrants Outstanding 138,000 138,000
Fair value (in dollars) $ 73,000 $ 427,000
Original Issuance 09/26/2012    
Significant assumptions used in the valuations    
Exercise price   $ 8.85
Volatility   51.00%
Risk free interest rate   0.19%
Term (years)   8 months 26 days
Market Discount   37.00%
Warrants Outstanding   473,000
Fair value (in dollars)   $ 748,000