STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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 June 30, 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 June 30, 2018:

	Number of securities to be issued upon exercise of outstanding options		Weighted-average exercise price of outstanding options		Number of securities remaining available for future issuance under equity 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