ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2014

ACCRUED EXPENSES [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following as of:

	December 31,
	2014		2013
Accrued professional fees	$	5,000	$	31,144
Dividends payable		378,823		177,876
Other		2,442		8,118
Total accrued expenses	$	386,265	$	217,138