EARNINGS PER SHARE OF COMMON STOCK (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares [Table Text Block]

The denominator is based on the following weighted average number of common shares:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Basic		4,324,459		3,324,459		4,324,459		3,324,459
Incremental shares for assumed conversion of options		6,681		73,138		7,863		72,414
Diluted		4,331,140		3,397,597		4,332,322		3,396,873