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5. PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2016 and 2015 are as follows:


   (Unaudited)   (Unaudited) 
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2016   2015   2016   2015 
Weighted average shares outstanding   7,480,733    7,564,289    7,531,308    7,561,845 
                     
Dilutive restricted share units   23,788    12,092    -    10,236 
Dilutive stock options   -    1,838    -    2,158 
                     
Dilutive weighted average shares outstanding   7,504,521    7,578,219    7,531,308    7,574,239 

Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 63,705 and 80,170 for the three months ended September 30, 2016 and 2015, respectively. Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 125,222 and 81,880 for the nine months ended September 30, 2016 and 2015, respectively. For the three and nine months ended September 30, 2016, diluted earnings per share of common stock is equal to basic earnings per share of common stock due to the net loss.