EQUITY - COMMON STOCK REPURCHASE PLAN (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of these options using the following assumption:

Risk-free interest rate		2.07	%
Expected term (in years)		10 years
Volatility		87.16	%
Dividend yield		2.82	%
Weighted average fair value of options granted	$	4.41

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following is a summary of the changes in outstanding options during the nine-month period ended September 30, 2017:

			Weighted		Weighted Average
			Average		Remaining		Aggregate
			Exercise		Contractual Life		Intrinsic
	Option Shares		Price		(Years)		Value
Outstanding and vested, January 1, 2017		423,817	$	5.68		2.9	$	1,271,704
Granted		89,000		7.09
Exercised		(16,722)		3.65
Forfeited		(6,793)		7.86
Expired		(71,069)		10.72
Outstanding, September 30, 2017		418,233	$	5.17		4.1	$	907,347
Vested, September 30, 2017		329,233	$	4.65		2.5	$	891,327

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]

			Weighted Average Grant-
	Option Shares		Date Fair Value
Non-vested options, January 1, 2017		—	$	—
Granted		89,000		4.41
Vested		—		—
Forfeited		—		—
Non-vested options, September 30, 2017		89,000	$	4.41