Annual report pursuant to Section 13 and 15(d)

12. PREFERRED STOCK (Tables)

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12. PREFERRED STOCK (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Company's agreements with the holders of its Series B Preferred Stock:
Agreement/Payment
Date		   Amount of
Dividends Paid		     Shares of
Common Stock
Issued		     Extended
Forbearance
Date
August 12, 2012   $ 732,000       157,000     January 1, 2014
December 26, 2012     732,000       144,500     June 30, 2014
March 27, 2013     732,000       139,000     September 30, 2014
July 26, 2013     731,000       175,000     December 31, 2014
September 17, 2013     731,000       197,000     March 31, 2015
May 23, 2014     1,463,000       120,000     November 30, 2015
November 24, 2014     1,000,000       –      
December 23, 2014     1,194,000       –      
Total   $ 7,315,000       932,500