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IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS
 6 Months Ended
Jun. 30, 2015
IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]  
IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS
NOTE 11 - IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS

In April 2015, the FASB issued amended guidance to the imputation of interest. The amendment requires that the debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments. The amendment will be effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods for those fiscal years for public companies. Early adoption is permitted for financial statements that have not been previously issued. The amendment should be applied on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, an entity is required to comply with the applicable disclosures for a change in accounting principle. These disclosures include the nature of and reasons for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted, and the effect of the change on the financial statement line items (i.e., debt issuance cost asset and debt liability). The Company expects to present debt issuance costs on the balance sheet as a regulatory asset under FASB ASC Topic 980 upon adoption of this guidance.  Management does not expect a material impact on the Company's financial statements due to the adoption of this guidance.