FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 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 September 30, 2017 and December 31, 2016:

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