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STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Nonvested Restricted Stock Shares Activity [Table Text Block]
The following table sets forth changes in compensation-related restricted stock awards during nine months ended September 30, 2016, and 12,838 shares are exercisable as of September 30, 2016.
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
Average
 
Remaining
 
 
 
Number of
 
Grant Date
 
Contractual
 
 
 
Shares
 
Fair Value
 
Term
 
Unvested at December 31, 2015
 
 
11,131
 
$
3.50
 
 
3.91 years
 
Granted
 
 
7,463
 
 
3.35
 
 
 
 
Forfeited
 
 
-
 
 
-
 
 
 
 
Vested
 
 
(12,838)
 
 
3.50
 
 
 
 
Unvested at September 30, 2016
 
 
5,756
 
$
3.31
 
 
3.25 years