General form of registration statement for all companies including face-amount certificate companies

10. STOCK-BASED COMPENSATION (Tables)

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10. STOCK-BASED COMPENSATION (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
STOCK OPTION ACTIVITY
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Years)     Aggregate
Intrinsic Value 		 
                         
Outstanding - December 31, 2014     6,470,000     $ 2.70                  
Granted     370,000     $ 1.66                  
Exercised     –       –                  
Forfeited     (90,556 )   $ 2.82                  
Expired     –       –                  
Outstanding - June 30, 2015     6,749,444     $ 2.64       9.42     $ –  
                                 
Total exercisable - June 30, 2015     4,178,991     $ 2.67       9.42     $ –  
Total unvested - June 30, 2015     2,570,453     $ 2.59       9.41     $ –  
Total vested or expected to vest - June 30, 2015     6,749,444     $ 2.64       9.42     $ –  
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Years)     Aggregate
Intrinsic Value 		 
                         
Outstanding - December 31, 2013     –       –                  
Granted     6,470,000     $ 2.70                  
Exercised     –       –                  
Forfeited     –       –                  
Expired     –       –                  
Outstanding - December 31, 2014     6,470,000     $ 2.70       9.88     $ –  
                                 
Total exercisable - December 31, 2014     3,048,869     $ 2.66       9.93     $ –  
Total unvested - December 31, 2014     3,421,131     $ 2.74       9.84     $ –  
Total vested or expected to vest - December 31, 2014     6,470,000     $ 2.70       9.88     $ –  
NONVESTED STOCK OPTIONS
    Number of Shares     Weighted Average
Fair Value
Per Share on
Grant Date 		 
             
Unvested stock options - December 31, 2014     3,421,131     $ 2.31  
Granted     370,000       1.35  
Vested     (1,130,122 )     2.28  
Forfeited     (90,556 )     2.50  
Unvested stock options - June 30, 2015     2,570,453     $ 2.20  
    Number of Shares     Weighted Average Fair Value Per Share on Grant Date  
             
Unvested stock options - December 31, 2013     –     $ –  
Granted     6,470,000       2.22  
Vested     3,048,869       2.11  
Forfeited     –       –  
Unvested stock options - December 31, 2014     3,421,131     $ 2.31  
Fair value awards  
    Employees Weighted Average   Non-Employees Weighted Average
         
Volatility   103.48%   96.69%
Risk-Free Interest Rate   1.81%   2.31%
Expected Term   5.32   10.00
Dividend Rate   0.00%   0.00%
Fair Value Per Share on Grant Date   $2.21   $2.45