CREDIT ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2014

NOTES PAYABLE [Abstract]

Schedule of promissory note

At June 30, 2014 and December 31, 2013, the Company had the following outstanding debt:

			Outstanding Principal Balance
Instrument	Issue Date	Maturity Date		June 30, 2014	December 31, 2013
Promissory Note:
HPG Acquisitions	2012-12-27	2018-03-04		12,000,000	12,000,000

Schedule of lines of credit

Instrument	Issue Date	Maturity Date		Revolving Credit Limit		December 31, 2013	Borrowings	Repayments		June 30, 2014
Lines of Credit:
UTG	2013-11-20	2014-11-20	$	8,000,000	$	2,097,534	0	900,000	$	1,197,534
UTG Avalon	2013-03-28	2015-03-28		5,000,000		5,000,000	0	0		5,000,000
UG	2010-12-28	2014-12-05		15,000,000		0	0	0		0

Scheduled principal reduction on notes payable for the next five years

The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:

Year		Amount
2014	$	1,197,534
2015		5,345,460
2016		478,193
2017		499,277
2018		10,677,070

Note 6 – Shareholders' Equity