OTHER CASH FLOW DISCLOSURES (Tables)

6 Months Ended

Jun. 30, 2016

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,
		2016		2015
Interest	$	-	$	-
Federal income tax		735,000		-

		Six Months Ended
		June 30,
		2016		2015
Interest	$	-	$	-
Federal income tax		735,000		3,000,000