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INCOME TAXES (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Income Tax Disclosure [Abstract]          
Statutory tax on book income     $ (546,000)   $ (5,852,000)
Permanent differences     (47,000)   (3,428,000)
Net operating loss utilization     0   0
Change in valuation allowance     632,000   15,109,000
Other     (156,646)   (523,000)
Income tax expense (benefit) $ 0 $ 0 $ (117,646) $ 5,306,000 $ 5,306,000