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SHARE BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2016
Share-based Compensation [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of stock options granted to employees and directors was estimated at the grant date using the Black-Scholes option pricing model using the following assumptions:
 
 
 
Years Ended March 31
 
 
 
2016
 
 
2015
 
Expected volatility
 
 
49
%
 
 
N/A
 
Discount rate
 
 
1.09
%
 
 
N/A
 
Expected life (years)
 
 
3
 
 
 
N/A
 
Dividend yield
 
 
N/A
 
 
 
N/A