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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2015
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
11. RELATED PARTY TRANSACTIONS

As described above in Note 10, the Company and WSC were parties to a lease agreement. On November 21, 2013, WSC sold the Headquarters to the Landlord, and the Company entered into the Lease with the Landlord for the Company’s Headquarters and simultaneously terminated the existing lease. The rent expense under the lease agreement was $120,000 for the year ended December 31, 2013. As of December 31, 2014, there were no remaining related party transactions.