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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
Changes in restricted stock units, consisting primarily of annual automatic grants and deferred compensation to non-employee directors, under the Incentive Compensation Plans during 2017 are as follows:
 
 
 
Restricted Stock
Units
 
Grant Date
Weighted-
Average Fair
Value
 
Intrinsic Value
 
Outstanding at January 1, 2017
 
 
4,000
 
$
2.25
 
$
-
 
Granted
 
 
22,000
 
$
3.47
 
$
-
 
Vested
 
 
(22,000)
 
$
4.06
 
$
-
 
Forfeited
 
 
-
 
$
-
 
$
-
 
Outstanding at December 31, 2017
 
 
4,000
 
$
3.77
 
$
-
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Changes in stock options outstanding under the Incentive Compensation Plans during 2017 are as follows:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
Number
 
Exercise
 
Contractual
 
Intrinsic
 
Options
 
of Options
 
Price
 
Term (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
 
625,000
 
$
2.85
 
 
4.25
 
 
 
 
Granted
 
 
27,000
 
$
3.31
 
 
6.66
 
 
 
 
Exercised
 
 
(4,000)
 
$
2.81
 
 
-
 
 
 
 
Forfeited
 
 
(33,000)
 
$
2.82
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
 
 
615,000
 
$
2.87
 
 
3.48
 
$
22,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2017
 
 
395,000
 
$
2.86
 
 
3.35
 
$
-
 
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, 2017, and changes during the year ended December 31, 2017 is presented below:
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
Number
 
Grant-Date
 
Nonvested Options
 
of Options
 
Fair Value
 
 
 
 
 
 
 
 
 
Nonvested at December 31, 2016
 
 
321,000
 
$
1.18
 
Granted
 
 
27,000
 
$
1.50
 
Vested
 
 
(117,000)
 
$
1.20
 
Forfeited
 
 
(11,000)
 
$
1.27
 
 
 
 
 
 
 
 
 
Nonvested at December 31, 2017
 
 
220,000
 
$
1.20
 
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 2017, 2016 and 2015 was estimated using the following assumptions:
 
 
 
2017
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected life (years)
 
 
7.0
 
 
 
7.0
 
 
 
7.0
 
Expected forfeiture rate
 
 
0.0
%
 
 
0.0
%
 
 
0.0
%
Expected volatility
 
 
53
%
 
 
53
%
 
 
41
%
Dividend yield
 
 
0
%
 
 
0
%
 
 
0
%
Risk-free interest rate
 
 
2.0
%
 
 
2.0
%
 
 
2.0
%