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STOCK OPTIONS - STOCK COMPENSATION (Tables)
12 Months Ended
Dec. 31, 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 its common stock options using the following assumptions:
 
 
 
For the years ended
 
 
 
December 31, 2017
 
 
 
 
 
 
Risk-free interest rate
 
 
2.07
%
Expected term
 
 
10 years
 
Volatility
 
 
87.16
%
Dividend yield
 
 
2.82
%
Fair value of options granted
 
$
4.41
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table contains information on the status of the Company’s stock options:
 
 
 
Number
of
Shares
 
Weighted
Average
Exercise Price
per share
 
Aggregate
Intrinsic
Value
 
Outstanding, January 1, 2016
 
 
457,000
 
$
6.15
 
 
 
 
Granted
 
 
19,174
 
 
5.89
 
 
 
 
Exercised
 
 
(6,000)
 
 
3.81
 
 
 
 
Forfeited and repurchased
 
 
(29,634)
 
 
5.86
 
 
 
 
Expired
 
 
(16,723)
 
 
10.72
 
 
 
 
Outstanding, December 31, 2016
 
 
423,817
 
 
5.68
 
 
 
 
Granted
 
 
89,000
 
 
7.09
 
 
 
 
Exercised
 
 
(16,722)
 
 
3.65
 
 
 
 
Forfeited
 
 
(6,793)
 
 
7.86
 
 
 
 
Expired
 
 
(71,069)
 
 
10.72
 
 
 
 
Outstanding, December 31, 2017
 
 
418,233
 
$
5.17
 
$
1,343,442
 
Vested, December 31, 2017
 
 
329,233
 
$
4.65
 
$
1,228,454
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable [Table Text Block]
The following is a summary of changes in non-vested shares, all of which are expected to vest:
 
 
 
December 31,
 
 
 
2017
 
2016
 
 
 
Option
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Option
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
Non-vested shares, beginning of year
 
 
 
$
 
 
23,840
 
$
6.72
 
Granted
 
 
89,000
 
 
4.41
 
 
829
 
 
6.45
 
Vested
 
 
 
 
 
 
(19,167)
 
 
6.71
 
Forfeited
 
 
 
 
 
 
(5,502)
 
 
6.72
 
Non-vested shares, end of year
 
 
89,000
 
$
4.41
 
 
 
$
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table summarizes information about stock options outstanding and exercisable at December 31, 2017:
 
 
 
 
 
Options Outstanding
 
 
 
 
 
 
 
Options Exercisable
 
 
 
 
Number
outstanding
 
Weighted Average
Remaining
Contractual
Life (Years)
 
Weighted
Average
Exercise
Price
 
Number
exercisable
 
Weighted Average
Remaining
Contractual
Life (Years)
 
Weighted
Average
Exercise Price
 
 
177,687
 
 
0.5
 
$
3.98
 
 
177,687
 
 
0.5
 
$
3.98
 
 
17,244
 
 
3.0
 
$
2.92
 
 
17,244
 
 
3.0
 
$
2.92
 
 
41,283
 
 
3.4
 
$
4.37
 
 
41,283
 
 
3.4
 
$
4.37
 
 
2,090
 
 
4.4
 
$
4.29
 
 
2,090
 
 
4.4
 
$
4.29
 
 
41,809
 
 
4.5
 
$
4.74
 
 
41,809
 
 
4.5
 
$
4.74
 
 
49,120
 
 
5.3
 
$
7.86
 
 
49,120
 
 
5.3
 
$
7.86
 
 
89,000
 
 
9.7
 
$
7.09
 
 
 
 
 
$
 
 
418,233
 
 
3.8
 
$
5.17
 
 
329,233
 
 
2.2
 
$
4.65