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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Changes in stock options outstanding under the Incentive Compensation Plans during 2016 are as follows :

								Weighted
					Weighted			Average
					Average			Remaining			Aggregate
		Number			Exercise			Contractual			Intrinsic
Options		of Options			Price			Term (Years)			Value
Balance at December 31, 2015			614,000		$	2.86			5.10
Granted			20,000		$	2.19			6.44
Exercised			-		$	-			-
Forfeited			(9,000)		$	2.50			-
Balance at December 31, 2016			625,000		$	2.85			4.25		$	315,000
Exercisable at December 31, 2016			85,000		$	2.76			3.98		$	50,000

Schedule of Nonvested Share Activity [Table Text Block]

A summary of the status of the Company’s non-vested stock options as of December 31, 2016, and changes during the year ended December 31, 2016 is presented below:

					Weighted
					Average
		Number			Grant-Date
Nonvested Options		of Options			Fair Value
Nonvested at December 31, 2015			532,000		$	1.18
Granted			20,000		$	0.97
Vested			(12,000)		$	1.22
Forfeited			-		$	-
Nonvested at December 31, 2016			540,000		$	1.17

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of the Company’s option grants under the Plan in 2016, 2015 and 2014 was estimated using the following assumptions:

		2016				2015				2014
Expected life (years)			7.0				7.0				7.0
Expected forfeiture rate			0.0	%			0.0	%			0.0	%
Expected volatility			53	%			41	%			40	%
Dividend yield			0	%			0	%			0	%
Risk-free interest rate			2.0	%			2.0	%			2.0	%

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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