STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

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

Schedule of Allocation of Plan Assets [Table Text Block]

A summary of the status of the Company’s stock option plan as of December 31, 2016 and 2015, and changes during the periods ending on those dates are presented below:

	As of December 31, 2016				As of December 31, 2015
			Weighted				Weighted
			Average Exercise				Average Exercise
	Shares		Price		Shares		Price
Outstanding at the beginning of the period		20,700	$	17.54		17,700	$	18.35
Granted		12,500	$	9.31		3,000	$	12.75
Exercised		—		—		—		—
Expired		(13,200)		16.77		—		—
Forfeited		(7,500)		18.89		—		—
Outstanding at the end of the period		12,500	$	9.31		20,700	$	17.54
Options exercisable at period-end		12,500	$	9.31		20,700	$	17.54
Weighted average fair value of options granted during the period		12,500	$	2.14		20,700	$	12.75
Aggregate intrinsic value of outstanding and exercisable options at the end of the period		12,500	$	15,000		20,700		—

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

The following table summarizes outstanding and exercisable options as of December 31, 2016:

Number Outstanding	Weighted Average
and exercisable	Strike Prices
12,500	$	9.31