COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2015

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum rental payments under the operating leases

Future minimum rental payments at December 31, 2015 under the operating leases referred to above are as follows:

Year Ending December 31:
2016	$	7,202
2017	1,430
2018	515
2019	460
2020	378
2021 and thereafter	740
	$	10,725

Schedule of contractual obligations related primarily to sponsorships and other commitments

Contractual obligations – The Company has the following contractual obligations related primarily to sponsorships and other commitments as of December 31, 2015:

Year Ending December 31:
2016	$	67,356
2017	39,388
2018	4,811
2019	60
2020	-
2021 and thereafter	-
	$	111,615