STOCK INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Employee Benefits And Share Based Compensation [Abstract]

Schedule Of Restricted Stock Awards [Table Text Block]

Restricted Stock Awards

The table below presents information related to the Company’s restricted common stock at December 31, 2018 and 2017.

($ in thousands, except per share data)
	2018			2017
			Weighted			Weighted
			Average			Average
			Grant Date			Grant Date
	Shares		Fair Value	Shares		Fair Value
Unvested, beginning of period	-	$	-	8,000	$	12.23
Granted	-		-	-		-
Vested and issued	-		-	(8,000)		12.23
Unvested, end of period	-	$	-	-	$	-

Compensation expense during period		$	-		$	33

Schedule of fully vested common stock issued

Stock Awards

The Company issues immediately vested common stock under the Incentive Plan to certain executive officers and employees of its Manager and to certain directors. The following table presents information related to fully vested common stock issued during the years ended December 31, 2018 and 2017.

($ in thousands, except per share data)
		2018		2017
Fully vested shares granted⁽¹⁾		37,920		29,160
Weighted average grant date price per share	$	7.62	$	9.80
Compensation expense related to fully vested shares of common stock awards⁽²⁾	$	289	$	286

Schedule of Performance Units outstanding

The following table presents information related to Performance Units outstanding during the years ended December 31, 2018 and 2017.

($ in thousands, except per share data)
	2018			2017
			Weighted			Weighted
			Average			Average
			Grant Date			Grant Date
	Shares		Fair Value	Shares		Fair Value
Unvested, beginning of period	41,693	$	9.95	45,305	$	10.33
Granted	27,935		7.45	15,707		9.55
Forfeited	(2,161)		8.49	-		-
Vested and issued	(23,795)		10.09	(19,319)		10.52
Unvested, end of period	43,672	$	8.34	41,693	$	9.95

Compensation expense during period		$	199		$	240
Unrecognized compensation expense, end of period		$	157		$	165
Intrinsic value, end of period		$	279		$	387
Weighted-average remaining vesting term (in years)			1.1			1.0

Schedule of Fully Vested Deferred Stock Units

The following table presents information related to the DSUs outstanding during the year ended December 31, 2018.

($ in thousands, except per share data)
			Weighted
			Average
			Grant Date
	Shares		Fair Value
Outstanding, beginning of period	-	$	-
Granted and vested	12,434		7.37
Issued	-		-
Outstanding, end of period	12,434	$	7.37

Compensation expense during period		$	135
Intrinsic value, end of period		$	79