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GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) | 12 Months Ended
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Dec. 31, 2020 | Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS |  |
Balance, beginning of period | $ 44,766 | $ 0
Goodwill acquired during the year | 0 | 6,517,315
Total of goodwill | 3,517,315 | 6,517,315
Impairment losses | 0 | (3,000,000)
Balance, end of period | $ 3,517,315 | $ 3,517,315

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- Definition Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
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- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 8A -URI http://asc.fasb.org/extlink&oid=121553693&loc=SL6284422-111562 + Details
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