COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

Future Minimum Rental Payments Under Operating Lease

The Company leases office space under an operating lease which was renewed March 2013, and expires March 2018.  The terms of the lease include an escalation clause for a portion of certain operating expenses.  At December 31, 2012, the annual future minimum rental payments under operating leases are as follows:

Year Ending December 31,
2013	$	39,000
2014		39,000
2015		39,000
2016		39,000
2017		39,000
thereafter		10,000
	$	205,000