SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

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

Our 2018 Stock Incentive Plan (the “Plan”) authorizes the issuance of up to 1,000,000 shares pursuant to options or awards granted under the Plan. Under the Plan, incentive stock and nonstatutory options were granted at prices equal to at least the fair market value of our Class A common stock at the date of grant. Outstanding options vest in three (3) equal annual installments beginning one (1) year from the date of grant and are subject to termination provisions as defined in the Plan. The fair values of options was estimated using the Black-Scholes option-pricing model at their respective grant date using the following assumptions:

	Year Ended December 31,
	2020	2019
Weighted-average grant date fair value per share	$0.17 - $0.19	$0.40 - $0.48
Risk-free interest rate	0.78%	1.47%
Dividend yield	5.8%	4.7%
Expected term (in years)	10	10
Volatility	25%	31%

Share-based Payment Arrangement, Option, Activity [Table Text Block]

Stock option activity during the periods indicated is as follows:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Years Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2018		453,000		$	1.35		5.0	$	182,400
Grants		52,500			2.78		8.0	$	-
Exercised		(123,000	)		1.03		-		-
Forfeited		(1,000	)		0.84		-		-
Outstanding at December 31, 2019		381,500			1.65		5.6	$	429,000
Grants		41,000		$	2.29		7.5		-
Exercised		(72,000	)		1.18		-		-
Forfeited		(55,000	)		1.36		-		-
Outstanding at December 31, 2020		295,500		$	1.92		5.4	$	359,000
Exercisable at December 31, 2020		156,000		$	1.72		4.9	$	186,000