STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019, and changes during the periods ending on those dates are presented below:

	As of December 31, 2020				As of December 31, 2019
	Shares		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
Outstanding at the beginning of the period		9,600	$	13.55		1,600	$	15.30
Granted		-		-		8,000		13.20
Exercised		-		-		-		-
Expired		-		-		-		-
Forfeited		-		-		-		-
Outstanding at the end of the period		9,600	$	13.55		9,600	$	13.55
Options exercisable at period-end		9,600	$	13.55		9,600	$	13.55
Weighted average fair value of options granted during the period		-		-		-		-
Aggregate intrinsic value of outstanding and exercisable options at the end of the period		9,600	$	13.55		9,600	$	13.55