SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Changes in stock options outstanding under the Incentive Compensation Plans during 2014 are as follows :

				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
	Number	Exercise		Contractual	Intrinsic
Options	of Options	Price		Term (Years)	Value
Balance at December 31, 2013	601,000	$	3.50
Granted	522,000	$	2.89
Exercised	-	$	-
Forfeited	(464,000)	$	3.34
Balance at December 31, 2014	659,000	$	3.13	5.57	$	-
Exercisable at December 31, 2014	123,000	$	4.25	2.15	$	-

Schedule of Nonvested Share Activity [Table Text Block]

A summary of the status of the Company’s non-vested shares as of December 31, 2014, and changes during the year ended December 31, 2014 is presented below:

		Weighted
		Average
	Number	Grant-Date
Nonvested Shares	of Options	Fair Value
Nonvested at December 31, 2013	26,000	$	1.25
Granted	522,000	$	1.23
Vested	(12,000)	$	1.14
Forfeited	-	$	-
Nonvested at December 31, 2014	536,000	$	1.23

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

The fair value of the Company’s option grants under the Plan in 2014, 2013 and 2012 was estimated using the following assumptions:

	2014		2013		2012
Expected life (years)	7.0		7.0		7.0
Expected forfeiture rate	0.0	%	0.0	%	0.0 -  4.0	%
Expected volatility	40	%	49	%	40 - 45	%
Dividend yield	0	%	0	%	0	%
Risk-free interest rate	2.0	%	2.6 - 3.0	%	1.7	%