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INCOME TAXES
 6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Income tax expense (benefit) attributable to income from continuing operations differed from the amounts computed by applying the U.S. federal income tax of 34% to pretax income from continuing operations as a result of the following for the estimated fiscal years 2016 and 2015: 
 
 
2016
 
2015
Statutory tax on book  income
 
$
(546,000
)
 
$
(5,852,000
)
Permanent differences
 
(47,000
)
 
(3,428,000
)
Net operating loss utilization
 
—

 
—

Change in valuation allowance
 
632,000

 
15,109,000

Other
 
(156,646
)
 
(523,000
)
Income tax expense (benefit)
 
$
(117,646
)
 
$
5,306,000