2. CASH AND CASH EQUIVALENTS	12 Months Ended
Dec. 31, 2015
PromissoryNoteNonCurrent
NOTE 2 - CASH AND CASH EQUIVALENTS	Cash and cash equivalents at December 31, 2015 and 2014 consist of cash and savings accounts of $1,038,426 and $1,333,323 and severance escrow of $257,927 and $257,670 respectively. The Company’s severance escrow accounts are restricted cash held in third-party administered escrow accounts for the sole purpose of funding certain employee severance plans.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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