STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2022

STOCK OPTIONS

Summary of stock option activity

A summary of Director, officer, and employee options granted and outstanding under the 2008 Stock Option Plan is presented below:

	Years Ended December 31,
	2022			2021			2020
		Weighted			Weighted			Weighted
		Average			Average			Average
		Exercise			Exercise			Exercise
	Shares	Price		Shares	Price		Shares	Price
Outstanding at beginning of period	173,050	$	2.06	199,450	$	2.05	639,300	$	2.12
Granted	—	$	—	—	$	—	—	$	—
Exercised	(11,200)	$	1.23	(25,400)	$	1.91	(431,550)	$	(2.14)
Forfeited	(14,700)	$	2.75	(1,000)	$	2.75	(8,300)	$	(2.75)
Outstanding at end of period	147,150	$	2.06	173,050	$	2.06	199,450	$	2.05
Exercisable at end of period	147,150	$	2.06	173,050	$	2.06	199,450	$	2.05

Summary of stock options by exercise price

The following table summarizes information about Director, officer, and employee options outstanding under the 2008 Stock Option Plan at December 31, 2021:

			Weighted Average
Exercise Prices		Shares Outstanding	Remaining Contractual Life	Shares Exercisable
$	1.05	60,000	3.99	60,000
$	2.75	87,150	3.69	87,150