COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2014

COMMITMENTS AND CONTINGENCIES [Abstract]

Summary of Contractual Obligations

The following table summarizes our contractual obligations as of March 31, 2014 that require us to make future cash payments:

	Payment due by period
	Total		< 1 year		1 - 3 years		3 - 5 years		> 5 years
Contractual Obligations:
Rent obligations	$	103,438	$	103,438		--		--		--
Capital Purchase Obligations (1)		1,140,968		1,140,968		--		--		--
Total	$	1,244,406	$	1,244,406		--		--		--

(1) Capital purchase obligations represent commitments for the construction or purchase of property, plant and equipment. They were not recorded as liabilities on our condensed consolidated balance sheet as of March 31, 2014, as we had not yet received the related goods or taken title to the property.