DIVIDEND PAYMENTS

9 Months Ended

Sep. 30, 2017

Dividends Payable and Options Adjustments [Text Block]

NOTE 11 – DIVIDEND PAYMENTS

On August 10, 2017, the Company’s Board of Directors, in accordance with their dividend policy, declared a quarterly cash dividend of $0.05 per common share, which was paid on August 25, 2017, to shareholders of record at the close of business on August 21, 2017. The total amount of this dividend payment was approximately $180,000. During the nine-month period ended September 30, 2017, the Company has paid approximately $542,000 in dividends. The Company currently intends to continue its quarterly dividend payment; however, it will review its policy on a quarterly basis.