EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following table sets forth the elements of basic and diluted earnings per common share:

	Three months ended
	March 31,
	2013		2012
Numerator:
Numerator for basic and diluted earnings per common share:
Net income	$	621,000	$	706,000

Denominator:
Denominator for basic earnings per share weighted average common shares outstanding		3,673,000		3,616,000
Dilutive securities (1)		187,000		62,000
Denominator for diluted earnings per share weighted average common shares outstanding		3,860,000		3,678,000

(1) Dilutive securities consist of “in the money” stock options.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

At March 31, 2013 and 2012 and during the three-month periods ended March 31, 2013 and 2012, there were outstanding stock options whose exercise prices were higher than the average market values of the underlying Common Stock for the period. These options are anti-dilutive and are excluded from the computation of earnings per share. The weighted average of anti-dilutive stock options outstanding were as follows:

	Three months ended
	March 31,
	2013		2012
Weighted average anti-dilutive stock options outstanding		229,000		584,000