EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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				Nine months ended
	September 30,				September 30,
	2015		2014		2015		2014
Numerator for basic and diluted earnings per common share:
Net income	$	1,050,000	$	816,000	$	3,143,000	$	1,850,000
Denominator:
For basic earnings per share - weighted average common shares outstanding		3,616,000		3,792,000		3,604,000		3,737,000
Dilutive securities (1)		176,000		176,000		160,000		180,000
For diluted earnings per share -  weighted average common shares outstanding		3,792,000		3,968,000		3,764,000		3,917,000

(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				Nine months ended
	September 30,				September 30,
	2015		2014		2015		2014
Weighted average antidilutive stock options outstanding		88,000		184,000		150,000		232,000