INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following:

	Year ended December 31,
	2014		2013			2012
Current taxes:
Federal	$	1,939,831	$	2,724,597		$	686,968
State		17,872		25,491			12,182
Total current taxes		1,957,703		2,750,088			699,150
Deferred taxes:
Federal		425,126		(68,296	)		1,134,532
State		3,878		3,024			340,372
Total deferred taxes		429,004		(65,272	)		1,474,904
Total provision for income taxes	$	2,386,707	$	2,684,816		$	2,174,054

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate of the Company differs from the federal statutory tax rate of 34% due to the following items:

	Year ended December 31,
	2014			2013			2012
Statutory rate		34.00	%		34.00	%		34.00	%
State income taxes, net of federal income tax benefit		0.17	%		0.21	%		0.16	%
Stock-based compensation		(0.40	)%		0.11	%		1.51	%
Miscellaneous other, net		0.17	%		(0.64	)%		6.51	%
Effective tax rate		33.94	%		33.68	%		42.18	%

Schedule of Deferred Tax Asset

The components of deferred income tax assets and liabilities are as follows:

	Year ended December 31,
	2014		2013		2012
Deferred revenues	$	50,722	$	71,062	$	132,514
Other		96,501		71,305		27,322
Options		931,548		1,365,409		1,413,214
Net deferred tax asset	$	1,078,771	$	1,507,776	$	1,573,050