INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following:

	Year ended December 31,
	2015		2014		2013
Current taxes:
Federal	$	4,428,345	$	1,939,831	$	2,724,597
State		49,185		17,872		25,491
Total current taxes		4,477,530		1,957,703		2,750,088
Deferred taxes:
Federal		452,760		425,126		(68,296	)
State		3,038		3,878		3,024
Total deferred taxes		455,798		429,004		(65,272	)
Total provision for income taxes	$	4,933,328	$	2,386,707	$	2,684,816

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate of the Company differs from the federal statutory tax rate of 34% due to the following items:

	Year ended December 31,
	2015			2014			2013
Statutory rate		34.00	%		34.00	%		34.00	%
State income taxes, net of federal income tax benefit		0.25	%		0.17	%		0.21	%
Stock-based compensation		(0.46	)%		(0.40	)%		0.11	%
Miscellaneous other, net		0.11	%		0.17	%		(0.64	)%
Effective tax rate (benefit)		33.90	%		33.94	%		33.68	%

Schedule of Deferred Tax Asset

The components of deferred income tax assets and liabilities are as follows:

	Year ended December 31,
	2015		2014		2013
Deferred revenue	$	33,823	$	50,722	$	71,062
Other		98,744		96,501		71,305
Options		490,405		931,548		1,365,409
Net deferred tax asset	$	622,972	$	1,078,771	$	1,507,776