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SHAREHOLDER'S EQUITY
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

8 - SHAREHOLDER’S EQUITY


Preferred Stock - There are 5,000,000 shares of authorized preferred stock, par value $0.001 per share, with no shares of preferred stock issued or outstanding. The terms of the shares are subject to the discretion of the Board of Directors.


Class A Common Stock - There are 20,000,000 shares of authorized Class A common stock, par value $0.001 per share, with 4,990,235 and 4,867,235 issued and outstanding as of December 31, 2019 and 2018, respectively. Each holder of Class A common stock is entitled to one vote for each share held. During 2019, we issued 123,000 shares of our Class A common stock. During 2018, we issued 59,000 shares of our Class A common stock.


Class B Common Stock - There are 762,612 shares of authorized Class B common stock, par value $0.001 per share, with 762,612 shares issued and outstanding as of December 31, 2019 and 2018. Each holder of Class B common stock is entitled to ten votes for each share held. The shares of Class B common stock are convertible at any time at the election of the shareholder into one share of Class A common stock, subject to certain adjustments. Our Chief Executive Officer is the sole beneficial owner of all the outstanding shares of Class B common stock.


Dividends – During the nine months ended September 30, 2018, we declared and paid quarterly dividends at $.025 per share. For the quarter ended December 31, 2018 and for the nine months ended September 30, 2019, we paid quarterly dividends of $0.03 per share. For the quarter ended December 31, 2019, we declared and paid quarterly dividends at $.035 per share.