INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2017

INTANGIBLE ASSETS [Abstract]

Capitalized Intangible Assets

As of March 31, 2017, and December 31, 2016, capitalized intangible assets were as follows:

	March 31, 2017			December 31, 2016
Capitalized intangible assets		$	12,513,206		$	10,074,546
Accumulated amortization			667,296			1,309,842
Total intangible assets		$	11,845,910		$	8,764,704

Summary of Amortization

Our amortization schedule is as follows:

Years ending December 31,	Amount
2017	$	2,258,388
2018		2,955,873
2019		2,727,968
2020		2,652,000
2021		1,251,681
Total	$	11,845,910