SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Changes in stock options outstanding under the Incentive Compensation Plans during 2015 are as follows :

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number		Exercise		Contractual		Intrinsic
Options	of Options		Price		Term (Years)		Value
Balance at December 31, 2014		659,000	$	3.13		5.57
Granted		20,000	$	2.48
Exercised		(2,000)	$	2.30
Forfeited		(63,000)	$	5.54
Balance at December 31, 2015		614,000	$	2.86		5.10	$	-
Exercisable at December 31, 2015		82,000	$	2.74		2.74	$	-

Schedule of Nonvested Share Activity [Table Text Block]

A summary of the status of the Company’s non-vested stock options as of December 31, 2015, and changes during the year ended December 31, 2015 is presented below:

			Weighted
			Average
	Number		Grant-Date
Nonvested Options	of Options		Fair Value
Nonvested at December 31, 2014		536,000	$	1.23
Granted		20,000	$	1.15
Vested		(15,000)	$	1.10
Forfeited		(9,000)	$	1.23
Nonvested at December 31, 2015		532,000	$	1.18

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of the Company’s option grants under the Plan in 2015, 2014 and 2013 was estimated using the following assumptions:

	2015			2014			2013
Expected life (years)		7.0			7.0			7.0
Expected forfeiture rate		0.0	%		0.0	%		0.0	%
Expected volatility		41	%		40	%		49	%
Dividend yield		0	%		0	%		0	%
Risk-free interest rate		2.0	%		2.0	%		2.6 - 3.0	%