Annual report pursuant to Section 13 and 15(d)

9. STOCK OPTIONS (Details)

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9. STOCK OPTIONS (Details) - $ / shares
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Shares    
Outstanding at beginning of year 1,464,203 1,048,927
Forfeited (21,334) (9,710)
Exercised (8,666) (7,514)
Granted 100,984 432,500
Outstanding at end of year and expected to vest 1,535,187 1,464,203
Options exercisable 1,179,143 880,457
Weighted Average Exercise Price    
Outstanding at beginning of year $ 8.02 $ 7.24
Forfeited 8.02 9.16
Exercised 7.88 6.55
Granted 6.20 9.92
Outstanding at end of year and expected to vest 7.90 8.02
Options exercisable 7.64 7.19
Weighted average fair value of options granted during the year $ 0.00 $ 5.25