DEBT (Tables)

12 Months Ended

Dec. 31, 2016

DEBT [Abstract]

Schedule of debt

Debt consists of:

	2016		2015
Term loans	$	1,785,714	$	3,214,285
Revolving credit loan		—		—
		1,785,714		3,214,285
Less current portion		892,857		1,428,571
	$	892,857	$	1,785,714

Scheduled annual principal maturities of long-term debt

As of December 31, 2016, scheduled annual principal maturities of long-term debt for each of the next five years follow:

2017	$	892,857
2018		714,286
2019		178,571
2020		—
2021		—
Thereafter		—
	$	1,785,714