INCOME TAXES	6 Months Ended
Jun. 30, 2015
INCOME TAXES [Abstract]
INCOME TAXES	6. INCOME TAXES The Company and its wholly-owned subsidiaries file income tax returns in the United States. Income tax expense (benefit) is determined using the asset and liability method. Deferred income taxes are recognized at currently enacted tax rates for the expected future tax consequences attributable to temporary differences between amounts reported for income tax purposes and financial reporting purposes. The Company records a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has not recorded any liability for unrecognized tax benefits. No benefit from income taxes was recorded for the three and six months ended June 30, 2015 and 2014, as it is more likely than not that the Company will not be able to realize its deferred tax asset. The Company is no longer subject to examinations by income tax authorities in most jurisdictions for years prior to 2011.

INCOME TAXES

6 Months Ended

Jun. 30, 2015

6. INCOME TAXES

The Company and its wholly-owned subsidiaries file income tax returns in the United States. Income tax expense (benefit) is determined using the asset and liability method. Deferred income taxes are recognized at currently enacted tax rates for the expected future tax consequences attributable to temporary differences between amounts reported for income tax purposes and financial reporting purposes. The Company records a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has not recorded any liability for unrecognized tax benefits.

No benefit from income taxes was recorded for the three and six months ended June 30, 2015 and 2014, as it is more likely than not that the Company will not be able to realize its deferred tax asset.

The Company is no longer subject to examinations by income tax authorities in most jurisdictions for years prior to 2011.