DIVIDEND PAYMENTS

9 Months Ended

Sep. 30, 2018

Equity [Abstract]

Dividends Payable and Options Adjustments [Text Block]

NOTE 10 – DIVIDEND PAYMENTS

On August 9, 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 August 24, 2018, to shareholders of record at the close of business on August 20, 2018. The total amount of this dividend payment was approximately $185,000. During the nine-month period ended September 30, 2018, the Company paid approximately $544,000 in dividend payments.