STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

STOCK-BASED COMPENSATION

Schedule of share-based compensation stock options

The following is a summary of the changes in outstanding options during the six-month period ended June 30, 2019:

		Weighted		Weighted Average
		Average		Remaining	Aggregate
		Exercise		Contractual Life	Intrinsic
	Option Shares	Price		(Years)	Value
Outstanding, January 1, 2019	218,075	$	6.22	5.6	$	335,310
Granted	8,000		8.55
Exercised	—		—
Forfeited	—		—
Expired	—		—
Outstanding, June 30, 2019	226,075	$	6.30	5.2	$	457,589
Vested, June 30, 2019	158,742	$	5.90	3.9	$	384,610

Schedule of share-based compensation arrangement by share-based payment award and options vested and expected to vest

		Weighted
		Average Grant-
	Option Shares	Date Fair Value
Non-vested options, January 1, 2019	59,333	$	4.41
Granted	8,000		4.60
Vested	—		—
Forfeited	—		—
Non-vested options, June 30, 2019	67,333	$	4.44