DIVIDEND PAYMENTS

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Dividends Payable and Options Adjustments [Text Block]

NOTE 10 – DIVIDEND PAYMENTS

On May 8, 2018, the Company’s Board of Directors, in accordance with its dividend policy, declared a quarterly cash dividend of $0.05 per common share, which was paid on May 25, 2018, to shareholders of record at the close of business on May 21, 2018. The total amount of this dividend payment was approximately $179,000. During the six-month period ended June 30, 2018, the Company paid approximately $359,000 in dividend payments.