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LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2014
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology
Licensed technology consists of the following:

  
December 31,
 
  
2014
  
2013
 
Licensed technology
 
$
5,000,000
  
$
-
 
Less accumulated amortization
  
9,000
   
-
 
Licensed technology, net
 
$
4,991,000
  
$
-
 
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2014 is as follows:

2015
 
$
465
 
2016
  
465
 
2017
  
465
 
2018
  
465
 
2019
  
465
 
Thereafter
  
2,666
 
Total
 
$
4,991