BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2016

BUSINESS ACQUISITIONS [Abstract]

Business acquisition intangible assets

In connection with the above acquisition, the Company recorded the following intangible assets:

Asset Class/Description	Amount		Weighted-average Amortization Period in Years
Patents, technology, and licenses
Customer relationships	$	449,706		5.0
Intellectual property		307,370		5.0
Non-compete agreements		407,000		5.0
	$	1,164,076		5.0