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7 INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2016 | Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |  |
Estimated annual amortization expense |
| September 30, 2016 |  | December 31, 2015 |
Capitalized intangible assets |  | $ | 9,533,867 |  |  | $ | 3,279,263 |
Accumulated amortization |  |  | (174,296 | ) |  |  | (164,750 | )
Total intangible assets |  | $ | 9,359,571 |  |  | $ | 3,114,513 |
|  | Amortization Expense |
|  | (in thousands) |
2016 |  | $ | 363 |
2017 |  | $ | 363 |
2018 |  | $ | 363 |
2019 |  | $ | 260 |

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- Definition Tabular disclosure of amortization expense per unit of production for oil and gas enterprises that follow the full cost method of accounting for investments in oil and gas properties. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10.(c)(7)(i)) -URI http://asc.fasb.org/extlink&oid=50486907&loc=d3e511914-122862 + Details
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