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QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

NOTE 7 - QUARTERLY FINANCIAL DATA (Unaudited)

The following summarized (unaudited) quarterly financial information presents the results of operations and other data for the three-month periods ended March 31, June 30, September 30 and December 31, 2015 and 2014.

					Second						Fourth
		First Quarter			Quarter			Third Quarter			Quarter
		2015			2015			2015			2015
Total income (loss)		$	(1,302,350)		$	668,831		$	(1,873,104)		$	(1,899,092)
Total expenses			56,985			64,099			57,295			53,441
Expense waivers			(17,835)			(23,928)			(23,085)			(24,274)
Net expenses			39,150			40,171			34,210			29,167
Net income (loss)		$	(1,341,500)		$	628,660		$	(1,907,314)		$	(1,928,259)
Net income (loss) per share		$	(1.09)		$	0.22		$	(1.54)		$	(1.56)

					Second						Fourth
		First Quarter			Quarter			Third Quarter			Quarter
		2014			2014			2014			2014
Total income (loss)		$	2,154,963		$	59,752		$	(1,333,315)		$	(4,674,704)
Total expenses			96,400			85,090			75,491			50,602
Expense waivers			(38,045)			(40,700)			(39,383)			(10,778)
Net expenses			58,355			44,390			36,108			39,824
Net income (loss)		$	2,096,608		$	15,362		$	(1,369,423)		$	(4,714,528)
Net income (loss) per share		$	1.31		$	(0.07)		$	(1.52)		$	(4.35)

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- References

No definition available.

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a

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