CAPITALIZED INTEREST (Tables)

6 Months Ended

Jun. 30, 2015

Banking and Thrift, Interest [Abstract]

components of interest expense and capitalized interest

The components of interest expense and capitalized interest are as follows during the three and six months ended June 30, 2015 and 2014:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
Interest cost incurred	$	(124,644)	$	(127,783)	$	(249,023)	$	(253,274)
Interest cost capitalized - property and equipment		28,278		-		39,734		-
Interest expense, net	$	(96,366)	$	(127,783)	$	(209,289)	$	(253,274)