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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES  
Schedule of future minimum rental payments under the operating leases

 

Future minimum rental payments at December 31, 2014 under the operating leases referred to above are as follows:

 

Year Ending December 31:

 

 

 

 

 

 

 

2015

 

  $

5,310 

 

2016

 

4,329 

 

2017

 

1,178 

 

2018

 

495 

 

2019

 

495 

 

2020 and thereafter

 

1,166 

 

 

 

  $

12,973 

 

 

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, 2014:

 

Year Ending December 31:

 

 

 

 

 

 

 

2015

 

  $

46,290 

 

2016

 

25,296 

 

2017

 

3,602 

 

2018

 

2,793 

 

2019

 

-

 

2020 and thereafter

 

-

 

 

 

  $

77,981