EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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

	Three months ended				Six months ended
	June 30,				June 30,
	2014		2013		2014		2013
Numerator for basic and diluted earnings per common share:

Net income	$	572,000	$	875,000	$	1,034,000	$	1,496,000

Denominator:
For basic earnings per share - weighted average common shares outstanding		3,724,000		3,683,000		3,709,000		3,678,000
Dilutive securities (1)		181,000		206,000		182,000		197,000
For diluted earnings per share - weighted average common shares outstanding		3,905,000		3,889,000		3,891,000		3,875,000

(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 June 30, 2014 and 2013 and during the three and six-month periods ended June 30, 2014 and 2013, there were outstanding stock options whose exercise prices were higher than the average market values of the underlying Class A Common Stock for the period. These options are antidilutive and are excluded from the computation of earnings per share. The weighted average antidilutive stock options outstanding were as follows:

	Three months ended				Six months ended
	June 30,				June 30,
	2014		2013		2014		2013
Weighted average antidilutive stock options outstanding		214,000		185,000		257,000		207,000