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COMMITTMENTS (Tables)
6 Months Ended
Jun. 30, 2012
COMMITTMENTS [Abstract]  
Summary of operating lease minimum annual rental payments
For the six months ended June 30, 2012 and 2011, respectively, the Company recognized rent expense of $126,000 and $169,440. The future minimum annual rental payments and sub-lease income for the years ended December 31 under the lease terms are as follows:
 
Year Ended
Rentals
 
   
2012
                  $126,000
2013
                      63,000
2014
                           -
2015
                           -
 
 $                 189,000