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5. PER SHARE INFORMATION
 3 Months Ended
Mar. 31, 2016
Table Text Block [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
5. PER SHARE INFORMATION

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.


A reconciliation of the shares used in the basic and diluted income per common share computation for the three months ended March 31, 2016 and 2015 is as follows:


  (Unaudited)  
  Three Months Ended  
  March 31,  
    2016     2015  
Weighted average                
shares outstanding     7,583,170       7,559,343  
Dilutive restricted share units     -       6,596  
Dilutive stock options     -       759  
Dilutive weighted average                
shares outstanding     7,583,170       7,566,698  

Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 142,518 and 86,827 for the three months ended March 31, 2016 and 2015, respectively. For the three months ended March 31, 2016, diluted earnings per share of common stock are equal to basic earnings per share of common stock due to the net loss.