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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2018
INCOME TAXES [Abstract]  
Provision for Income Taxes
The provision for income taxes consists of the following components for the years ended December 31:

  
2018
  
2017
 
Current:
      
Federal and state
 
$
125,356
  
$
63,577
 
Foreign
  
109,917
   
144,452
 
Total current provision/(benefit)
  
235,273
   
208,029
)
Deferred:
        
Federal and state
  
-
   
(2,599,791
)
Foreign
  
24,478
   
-
 
Valuation allowance
  
6,088,751
   
-
 
Total deferred expense (benefit)
  
6,113,229
   
(2,599,791
)
         
Total income tax expense (benefit)
 
$
6,348,502
  
$
(2,391,762
)