STOCK OPTIONS - STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

STOCK OPTIONS - STOCK-BASED COMPENSATION

Schedule of share-based compensation stock options

The following table contains information on the status of the Company’s stock options:

		Weighted
	Number	Average		Aggregate
	of	Exercise Price		Intrinsic
	Shares	per share		Value
Outstanding, January 1, 2019	218,075	$	6.22
Granted	8,000		8.55
Exercised	—		—
Forfeited	—		—
Expired	—		—
Outstanding, December 31, 2019	226,075		6.30
Granted	—		—
Exercised	(6,226)		2.92
Forfeited	(7,998)		6.38
Expired	(10,973)		2.92
Outstanding, December 31, 2020	200,878	$	6.59	$	85,663
Vested, December 31, 2020	195,544	$	6.54	$	85,663

Schedule of share-based compensation arrangement by share-based payment award and options vested and expected to vest

The following is a summary of changes in non-vested shares, all of which are expected to vest:

	December 31,
	2020			2019
		Weighted			Weighted
		Average			Average
	Option	Grant-Date		Option	Grant-Date
	Shares	Fair Value		Shares	Fair Value
Non-vested shares, beginning of year	37,666	$	4.45	59,333	$	4.41
Granted	—		—	8,000		4.60
Vested	(31,250)		4.43	(29,667)		4.41
Forfeited	(1,082)		4.41	—		—
Non-vested shares, end of year	5,334	$	4.60	37,666	$	4.45

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information about stock options outstanding and exercisable at December 31, 2020:

	Options Outstanding			Options Exercisable
	Weighted Average	Weighted			Weighted Average
	Remaining	Average			Remaining	Weighted
Number	Contractual	Exercise		Number	Contractual	Average
outstanding	Life (Years)	Price		exercisable	Life (Years)	Exercise Price
16,199	0.4	$	4.37	16,199	0.4	$	4.37
2,090	1.4	$	4.29	2,090	1.4	$	4.29
41,809	1.5	$	4.74	41,809	1.5	$	4.74
47,030	2.3	$	7.86	47,030	2.3	$	7.86
85,750	6.7	$	7.09	85,750	6.7	$	7.09
8,000	8.2	$	8.55	2,666	8.2	$	8.55
200,878	4.1	$	6.59	195,544	4.0	$	6.54