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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2017
FAIR VALUE MEASUREMENT [Abstract]  
Financial Assets, Measured at Fair Value
The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy as of June 30, 2017 and December 31, 2016:

June 30,
2017
  December 31,
2016
 
     
Level 3
      
Contingent consideration
 
$
5,346,688
  
$
5,266,488
 
Change in Level 3 Instruments
The following table presents the change in level 3 instruments:

  
Three Months
Ended June 30,
2017
  
Six Months Ended
June 30, 2017
 
       
Opening balance
  
6,192,200
   
5,266,488
 
Additions during the period
 
$
-
  
$
1,200,000
 
Paid/settlements
  
(445,512
)
  
(719,800
)
Total gains recognized in Statement of Operations
  
(400,000
)
  
(400,000
)
Closing balance
  
5,346,688
   
5,346,688