(LOSS) EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 (loss) earnings per common share:

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$	(286,000)	$	505,000	$	(5,590,000)	$	1,510,000
Net income from discontinued operations		187,000		545,000		12,430,000		1,633,000
Net (loss) income	$	(99,000)	$	1,050,000	$	6,840,000	$	3,143,000
Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding		3,598,000		3,616,000		3,598,000		3,604,000
Dilutive securities (1)		—		176,000		—		160,000
For diluted (loss) earnings per share - weighted average common shares outstanding		3,598,000		3,792,000		3,598,000		3,764,000

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

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

earnings per share from continuing operations. The weighted average of anti-dilutive stock options outstanding was as follows:

	Three months ended				Nine months ended
	September 30,				September 30,
	2016		2015		2016		2015
Weighted average antidilutive stock options outstanding		73,000		88,000		78,000		150,000