OTHER CASH FLOW DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2014

OTHER CASH FLOW DISCLOSURES [Abstract]

Expenses paid on a cash basis

On a cash basis, the Company paid the following expenses for the periods ended December 31:

	2014		2013
Interest expense	$	635,664	$	751,773
Federal income tax		4,000		3,465,000