CREDIT ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2015

NOTES PAYABLE [Abstract]

Schedule of promissory note

At March 31, 2015 and December 31, 2014, the Company had the following outstanding debt:

			Outstanding Principal Balance
Instrument	Issue Date	Maturity Date		March 31, 2015	December 31, 2014
Promissory Note:
UTG Avalon	12/29/2014	4/1/2018		4,400,000	4,400,000

Schedule of lines of credit

Instrument	Issue Date	Maturity Date		Revolving Credit Limit		December 31, 2014	Borrowings	Repayments		March 31, 2015
Lines of Credit:
UTG	2013-11-20	2015-11-20	$	8,000,000	$	0	0	0	$	0

Scheduled principal reduction on notes payable for the next five years

The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:

Year		Amount
2015	$	0
2016		0
2017		0
2018		4,400,000
2019		0