STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2018

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 months ended March 31, 2018:

			Weighted
			Average
	Options		Exercise
	Outstanding		Price
Outstanding at January 1, 2018		12,500	$	9.31
Exercised (including 1,600 shares exchanged via re-load option)		12,500		9.31
Forfeited		-		-
Expired unexercised		-		-
Granted (via re-load option)		1,600		15.30
Outstanding at March 31, 2018		1,600	$	15.30

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 March 31, 2018:

	Number of
	securities to be
	issued upon		Weighted-average		Number of securities
	exercise of		exercise price of		remaining available for future
	outstanding		outstanding		issuance under equity
	options		options		compensation plans
Equity compensation plan approved by shareholders		1,600	$	15.30		47,608
Equity compensation plan not approved by shareholders		—		—		—
Total		1,600	$	15.30		47,608