OTHER CASH FLOW DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2015

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:

	2015			2014
Interest		$	70,141		$	635,664
Federal income tax			3,300,000			4,000