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1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share, Policy [Policy Text Block]

	Years Ended December 31,
	2014		2013		2012
Basic - weighted average shares outstanding		7,544,936		7,517,364		7,503,494

Dilutive securities - stock options		-		-		-

Diluted - weighted average shares outstanding		7,544,936		7,517,364		7,503,494

Anti-Dilutive securities - stock options		-		8,630		10,902

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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