EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Numerator:
Net income	$	2,451,737		1,144,073	$	4,664,632		1,715,344
Denominator:
Weighted-average shares outstanding
Weighted-average shares outstanding - Basic		10,632,276		9,612,496		10,632,276		9,426,026
Stock options		733,321		-		645,569		-
Weighted-average shares outstanding - Diluted		11,365,597		9,612,496		11,277,845		9,426,026
Earnings per share
-Basic		0.23		0.12		0.44		0.18
-Diluted		0.22		0.12		0.41		0.18