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RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table summarizes the activity related to restricted common stock for the years December 31, 2016 and 2015:
 
 
 
Year Ended December 31,
 
 
 
2016
 
 
2015
 
 
 
Shares
 
 
Weighted Average Grant
Date Fair Market Value
 
 
Shares
 
 
Weighted Average Grant
Date Fair Market Value
 
Outstanding Unvested Shares at Beginning of Period
 
 
15,500
 
 
$
12.79
 
 
 
23,500
 
 
$
13.88
 
Granted
 
 
4,500
 
 
 
5.97
 
 
 
6,000
 
 
 
10.07
 
Vested
 
 
(15,500
)
 
 
12.79
 
 
 
(14,000
)
 
 
13.46
 
Outstanding Unvested Shares at End of Period
 
 
4,500
 
 
$
5.97
 
 
 
15,500
 
 
$
12.79