SUBSEQUENT EVENT

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 20 – SUBSEQUENT EVENT

On March 8, 2017, the Company paid an amount of $2.01 million to the IRS for interest charges related to the fourth quarter 2016 deficiency dividend payment. The amount paid exceeds the provision of $1.86 million taken in the third quarter of 2016 due to the timing of the payment and accordingly the Company will incur an additional interest expense of $0.15 million in the first quarter of 2017. The revised amount paid is based on the Company’s understanding of the rules, procedures and existing precedent relating to such dividend payments. As such, the actual amount of interest payable may differ from the Company’s estimate, and such difference could be material.