EARNINGS PER SHARE OF COMMON STOCK (Tables)

6 Months Ended

Jun. 30, 2016

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,
	2016		2015		2016		2015
Basic		7,279,332		6,470,905		7,271,685		6,280,278
Incremental shares for assumed conversion of options		28,378		36,479		26,500		34,631
Diluted		7,307,710		6,507,384		7,298,185		6,314,909