GOODWILL

12 Months Ended

Dec. 31, 2012

GOODWILL [Abstract]

GOODWILL

6. GOODWILL

As of December 31, 2012 and 2011, the Company had goodwill of $10,256,000, which is tested for impairment on an annual basis. Based on the fair value of the reporting unit, no goodwill impairment loss was recognized in 2012, 2011 or, 2010.