OTHER CASH FLOW DISCLOSURES (Tables)

6 Months Ended

Jun. 30, 2013

OTHER CASH FLOW DISCLOSURES [Abstract]

Expenses paid on a cash basis

On a cash basis, the Company paid the following expenses:

	Three Months Ended
	June 30,
	2013		2012
Interest expense	$	15,643	$	134,399
Federal income tax		1,415,000		1,320,500

	Six Months Ended
	June 30,
	2013		2012
Interest expense	$	32,041	$	149,613
Federal income tax		3,465,000		1,343,081