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IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Mar. 31, 2013
NEW ACCOUNTING PRONOUNCEMENTS OR CHANGE IN ACCOUNTING PRINCIPLE [Abstract]  
IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS
NOTE 9 ‑ IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS

In January 2013, the FASB issued guidance to clarify that ordinary trade receivables and receivables are not in the scope of FASB ASC Topic 210, relating to disclosures about offsetting assets and liabilities.  FASB ASC Topic 210 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in ASC Topic 210 or subject to a master netting arrangement or similar agreement.  The FASB undertook this clarification project in response to concerns expressed by U.S. stakeholders about the standard's broad definition of financial instruments.  After the standard was finalized, companies realized that many contracts have standard commercial provisions that would equate to a master netting arrangement, significantly increasing the cost of compliance at minimal value to financial statement users.  This guidance is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.  An entity should provide the required disclosures retrospectively for all comparative periods presented.  There was not a material impact on the Company's financial statements due to the adoption of this guidance.

In February 2013, the FASB issued amended guidance to improve the transparency of reporting other comprehensive income reclassifications.  This guidance is effective for reporting periods beginning after December 15, 2012.  Early adoption is permitted.  The Company currently does not have other comprehensive income.

In February 2013, the FASB issued updated guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP.  The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors.  This guidance also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations.  The amendments in this guidance are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The amendments in this guidance should be applied retrospectively to all prior periods presented for those obligations resulting from joint and several liability arrangements within the guidance's scope that exist at the beginning of an entity's fiscal year of adoption.  The Company does not expect a material impact on the Company's financial statements due to the adoption of this guidance.