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LOSS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2019
LOSS PER SHARE [Abstract]  
Calculation of Earnings Per Share
However, as of the three and nine months ended September 30, 2019 and 2018 shares of common stock issuable on the assumed conversion of the eligible preferred stock were excluded from the diluted earnings per common shares calculation as the inclusion of these shares would have been antidilutive.

  
Three Months Ended
Ended September 30,
  
Nine Months Ended
Ended September 30,
 
  
2019
  
2018
  
2019
  
2018
 
Numerator:
            
Net (loss) income
 
$
(1,489,000
)
 
$
(70,000
)
 
$
(2,020,000
)
 
$
240,000
 
Preferred dividend
  
125,000
   
125,000
   
375,000
   
375,000
 
Net loss available to common stockholders
 
$
(1,614,000
)
 
$
(195,000
)
 
$
(2,395,000
)
 
$
(135,000
)
Denominator:
                
Basic weighted average number of common shares outstanding
  
3,642,000
   
3,607,000
   
3,627,000
   
3,600,000
 
Diluted weighted average number of common shares outstanding
  
3,642,000
   
3,607,000
   
3,627,000
   
3,600,000
 
Basic (loss) earnings per common share
 
$
(0.44
)
 
$
(0.05
)
 
$
(0.66
)
 
$
(0.04
)
Diluted (loss) earnings per common share
 
$
(0.44
)
 
$
(0.05
)
 
$
(0.66
)
 
$
(0.04
)