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SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Accounting for stock options issued to employees measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. Outstanding options to purchase Class A common stock (“the Options”) vest in three equal annual installments beginning one (1) year from the date of grant and are subject to termination provisions as defined in our 2005 Stock Incentive Plan and 2018 Omnibus Incentive Plan (collectively referred to as “the Plans”). The Options activity during the nine months ended September 30, 2022 is as follows:

 

   

Number of Shares

   

Weighted Average

Exercise Price

   

Weighted Average

Years Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
                                 

Outstanding at December 31, 2021

    294,067     $ 2.45       5.0     $ 492,000  

Grants

    60,500       3.54       4.9          

Exercised

    (120,000 )     1.74       -          

Forfeited

    (10,000 )     3.40       -          

Outstanding at September 30, 2022

    224,567     $ 3.10       6.1     $ 207,000  

Exercisable at September 30, 2022

    79,934     $ 2.59       4.8     $ 149,000