FAIR MARKET VALUE MEASUREMENTS (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Financial assets
Investment securities available for sale	$ 24,491,677	$ 1,469,000
Carrying value
Financial assets
Cash and cash equivalents	17,181,000	31,198,000
Investment securities available for sale	40,760,000	39,483,000
Fair value
Financial assets
Cash and cash equivalents	17,181,000	31,198,000
Investment securities available for sale	40,760,000	39,483,000
Fair value | Level 1
Financial assets
Cash and cash equivalents	17,181,000	31,198,000
Investment securities available for sale	$ 40,760,000	$ 39,483,000