EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

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,
	2015		2014		2015		2014
Numerator for basic and diluted earnings per common share:
Net income	$	1,312,000	$	572,000	$	2,093,000	$	1,034,000
Denominator:
For basic earnings per share - weighted average common shares outstanding		3,606,000		3,724,000		3,598,000		3,709,000
Dilutive securities (1)		148,000		181,000		153,000		182,000
For diluted earnings per share -  weighted average common shares outstanding		3,754,000		3,905,000		3,751,000		3,891,000

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

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

The weighted average of anti-dilutive stock options outstanding was as follows:

	Three months ended		Six months ended
	June 30,		June 30,
	2015	2014	2015	2014
Weighted average antidilutive stock options outstanding	182,000	214,000	182,000	257,000