12. PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Company's agreements with the holders of its Series B Preferred Stock:

Agreement/Payment Date	Amount of Dividends Paid		Shares of Common Stock Issued		Extended Forbearance Date
August 12, 2012	$	732,000		157,000		January 1, 2014
December 26, 2012		732,000		144,500		June 30, 2014
March 27, 2013		732,000		139,000		September 30, 2014
July 26, 2013		731,000		175,000		December 31, 2014
September 17, 2013		731,000		197,000		March 31, 2015
May 23, 2014		1,463,000		120,000		November 30, 2015
November 24, 2014		1,000,000		–
December 23, 2014		1,194,000		–
Total	$	7,315,000		932,500