EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

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
	March 31,
	2016		2015
Numerator:
Numerator for basic and diluted earnings per common share:
Net income from continuing operations	$	66,000	$	373,000
Net income from discontinued operations		12,257,000		408,000
Net income	$	12,323,000	$	781,000
Denominator:
Denominator for basic earnings per share weighted average common shares outstanding		3,601,000		3,589,000
Dilutive securities (1)		177,000		157,000
Denominator for diluted earnings per share weighted average common shares outstanding		3,778,000		3,746,000

⁽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
	March 31,
	2016		2015
Weighted average anti-dilutive stock options outstanding		89,000		182,000