STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity during the three and nine months ended September 30, 2015.

			Weighted
			Average
	Options		Exercise
	Outstanding		Price
Outstanding at January 1, 2015		17,700	$	18.35
Granted		3,000	$	12.75
Outstanding at September 30, 2015		20,700	$	17.54

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information concerning outstanding and exercisable options as of September 30, 2015:

		Number Outstanding		Weighted Average
Strike Price		and exercisable		Strike Price
$	12.75		3,000	$	12.75
$	17.84		9,500	$	17.84
$	18.89		7,500	$	18.89
$	19.50		700	$	19.50
			20,700	$	17.54