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OTHER LIABILITIES
3 Months Ended
Mar. 31, 2016
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES

NOTE 8 – OTHER LIABILITIES

 

As of March 31, 2016, the Company no longer has an outstanding indebtedness in connection with an agreement entered into during June 2011 for the purchase of certain intangible assets, and secured only by such intangible assets. The Company made a final non-interest bearing annual payment of $1.5 million in May 2015.