COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum rental payments under the operating leases

Future minimum rental payments at December 31, 2016 under the operating leases referred to above are as follows:

Year Ending December 31:
2017	$	5,677
2018	1,777
2019	1,231
2020	1,093
2021	992
2022 and thereafter	8,012
	$	18,782

Schedule of contractual obligations related primarily to sponsorships and other commitments

Contractual obligations – The Company has the following contractual obligations related primarily to sponsorships and other commitments as of December 31, 2016:

Year Ending December 31:
2017	$	91,003
2018	49,133
2019	8,257
2020	8,130
2021	6,750
2022 and thereafter	-
	$	163,273