CONVERTIBLE SENIOR NOTE (Tables)

12 Months Ended

Dec. 31, 2014

CONVERTIBLE SENIOR NOTE [Abstract]

Schedule of Interest Expense

Interest expense on the convertible senior note has been recorded at the effective rate of 31.85% after prepayment comparing to previous effective interest rate of 37.01%. Interest expense recognized related to the convertible senior note was as follows:

	For the years ende
	December 31,
	2012
Interest expense at coupon rate	$	26,730
Amortization of debt discount		36,297
Total interest expense recognized	$	63,027