DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2016

DISCONTINUED OPERATIONS [Abstract]

Summary of discontinued operations

The following table presents the major classes of line items constituting assets and liabilities related to discontinued operations:

	December 31, 2016		December 31, 2015
Prepaid expenses and other assets	$	-	$	83,000
Total assets	$	-	$	83,000
Accounts payable	$	-	$	140,000
Accrued expenses and other liabilities		-		209,000
Total liabilities	$	-	$	349,000

The following table presents the major classes of line items constituting pretax loss from discontinued operations:

	Year Ended December 31,
	2016			2015
Net sales	$	804,585		$	5,073,825
Costs and expenses:
Cost of goods sold		276,100			1,609,200
Sales and marketing		940,685			6,598,122
General and administrative		173,913			1,352,290
Interest expense		11			-
Total costs and expenses		1,390,709			9,559,612
Loss from discontinued operations		(586,124	)		(4,485,787	)
Other income:
Gain on sale of long-term assets		12,398			-
Total other income, net		12,398			-
Pretax loss from discontinued operations	$	(573,726	)	$	(4,485,787	)