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SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Changes in restricted stock units, consisting primarily of annual automatic grants and deferred compensation to non-employee directors, under the Incentive Compensation Plans during 2019 and 2018 are as follows:
Restricted Stock
Units
Grant Date
Weighted-
Average Fair
Value
Intrinsic
Value
Outstanding at January 1, 20184,000  $3.77  $—  
Granted35,000  $2.56  $—  
Vested(35,000) $2.69  $—  
Outstanding at December 31, 20184,000  $2.68  $—  
Outstanding at January 1, 20194,000  $2.68  $—  
Granted36,000  $2.50  $—  
Vested(37,000) $2.47  $—  
Outstanding at December 31, 20193,000  $3.03  $—  
Share-based Compensation, Stock Options, Activity
Changes in stock options outstanding under the Incentive Compensation Plans during 2019 and 2018 are as follows:
Options
Number
of Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Balance at December 31, 2017615,000  $2.87  3.48$22,000  
Granted16,000  $2.68  6.46$—  
Forfeited(18,000) $3.15  —$—  
Balance at December 31, 2018613,000  $2.85  3.14$—  
Granted18,000  $2.87  7.00$—  
Exercised (16,000) $2.59  —$—  
Forfeited(165,000) $3.07  —$—  
Balance at December 31, 2019450,000  $2.78  2.44$27,000  
Exercisable at December 31, 2018488,000  $2.87  2.55$—  
Exercisable at December 31, 2019425,000  $2.79  2.25$—  
Schedule of Nonvested Share Activity
A summary of the status of the Company’s non-vested stock options as of December 31, 2019 and 2018, and changes during the years ended December 31, 2019 and 2018 is presented below:
Nonvested Options
Number
of Options
Weighted
Average
Grant-Date
Fair Value
Nonvested at December 31, 2017220,000  $1.20  
Granted16,000  $1.45  
Vested(111,000) $1.22  
Nonvested at December 31, 2018125,000  $1.20  
Granted18,000  $1.54  
Vested(118,000) $1.22  
Nonvested at December 31, 201925,000  $1.40  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of the Company’s option grants under the Plan in 2019, 2018 and 2017 was estimated using the following assumptions:
201920182017
Expected life (years)7.07.07.0
Expected forfeiture rate0.0 %0.0 %0.0 %
Expected volatility50 %50 %53 %
Dividend yield0 %0 %0 %
Risk-free interest rate1.9 %2.9 %2.0 %