DEFERRED COMPENSATION

12 Months Ended

Dec. 31, 2023

Deferred Compensation Arrangements [Abstract]

DEFERRED COMPENSATION [Text Block]

NOTE 10 -  DEFERRED COMPENSATION

Effective January 1, 2018, the Company entered into a Long Service Bonus Agreement with a key employee. Should the employee remain employed pursuant to his performance requirements in his contract for five years, he shall be entitled to a onetime gross bonus payment. For the duration of this Agreement, the Company shall make a provision of $80,000 per year for the five years as deferred compensation expense. As of December 31, 2023, and 2022, the Company has recorded $0 and $400,000, respectively as a liability for deferred compensation with respect to this Agreement. The $400,000 was paid in full on January 20, 2023.