OTHER CASH FLOW DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2014

OTHER CASH FLOW DISCLOSURES [Abstract]

Expenses paid on a cash basis

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

		Three Months Ended
		September 30,
		2014		2013
Interest	$	20,689	$	2,551
Federal income tax		4,000		0

		Nine Months Ended
		September 30,
		2014		2013
Interest	$	55,009	$	34,592
Federal income tax		4,000		3,465,000