Annual report pursuant to Section 13 and 15(d)

9. STOCK OPTIONS (Details)

v3.3.1.900
9. STOCK OPTIONS (Details) - $ / shares
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Shares    
Outstanding at beginning of year 1,048,927 826,995
Forfeited (9,710) 0
Exercised (7,514) 0
Granted 432,500 221,932
Outstanding at end of year and expected to vest 1,464,203 1,048,927
Options exercisable 880,457 635,763
Weighted Average Exercise Price    
Outstanding at beginning of year $ 7.24 $ 6.90
Forfeited 9.16 0
Exercised 6.55 0
Granted 9.92 8.50
Outstanding at end of year and expected to vest 8.02 7.24
Options exercisable 7.19 6.81
Weighted average fair value of options granted during the year $ 5.25 $ 5.06