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12. TREASURY STOCK
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
12. TREASURY STOCK

In January 2015, the Company repurchased 31,000 shares of common stock of the Company at an average price of $1.22 per share for a total cost of $37,713 under the approval of the Board of Directors. The Company recorded the entire purchase price of the treasury stock as a reduction of equity.