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SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

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

The fair values of options was estimated using the Black-Scholes option-pricing model at their respective grant date using the following assumptions:

		Year Ended December 31,
		2022				2021
Weighted-average grant date fair value per share		$0.11 - $0.38				$0.59 - $0.76
Risk-free interest rate			2.8	%			1.2	%
Dividend yield			5.3	%			4.2	%
Expected term (in years)			10				10
Volatility			16	%			29	%

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Stock option activity during the periods indicated is as follows:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Years Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at December 31, 2020			295,500			$	1.92				5.4			$	359,000
Grants			51,100				4.59				7.5				-
Exercised			(51,333	)			1.48				-				-
Forfeited			(1,200	)			1.38				-				-
Outstanding at December 31, 2021			294,067			$	2.45				5.0			$	492,000
Grants			60,500				3.54				7.5				-
Exercised			(120,000	)			1.74				-				-
Forfeited			(10,000	)			3.40				-				-
Outstanding at December 31, 2022			224,567			$	3.10				5.8			$	148,000
Exercisable at December 31, 2022			120,400			$	2.57				4.7			$	128,000

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- References

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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