OTHER CASH FLOW DISCLOSURES (Tables)

6 Months Ended

Jun. 30, 2014

OTHER CASH FLOW DISCLOSURES [Abstract]

Expenses paid on a cash basis

On a cash basis, the Company paid the following expenses:

		Three Months Ended
		June 30,
		2014		2013
Interest expense	$	14,648	$	15,643
Federal income tax		0		1,415,000

		Six Months Ended
		June 30,
		2014		2013
Interest expense	$	34,320	$	32,041
Federal income tax		0		3,465,000