VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2016

VALUATION AND QUALIFYING ACCOUNTS [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

VALUATION AND QUALIFYING ACCOUNTS

Three years ended December 31, 2016

Description	Beginning balance		Charged (credited) to earnings			Deductions		Ending balance
ALLOWANCE FOR DEFERRED   TAX ASSET
December 31, 2014		446,919		(122,500	)		51,618		376,037
December 31, 2015		376,037		-			-		376,037
December 31, 2016		376,037		-			-		376,037

Description	Beginning balance		Charged to earnings		Deductions			Ending balance
ALLOWANCE FOR DOUBTFUL   ACCOUNTS
December 31, 2014		210,000		-		-			210,000
December 31, 2015		210,000		-		-			210,000
December 31, 2016		210,000		183,339		(93,339	)		300,000