EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE [Abstract]

Schedule of Earnings per Share Basic and Diluted

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period increased to include all additional common shares that would have been outstanding assuming potentially dilutive common shares, resulting from option exercises, had been issued and any proceeds thereof used to repurchase common stock at the average market price during the period.

	2016		2015		2014
Net income for diluted computation	$	11,372,239	$	9,617,632	$	4,645,960
Weighted average shares:
Basic		7,061,404		6,827,355		6,477,457
Effect of dilutive securities:
Stock options		221,858		445,634		602,113
Diluted		7,283,262		7,272,989		7,079,570
Net income per share:
Basic	$	1.61	$	1.41	$	0.72
Diluted	$	1.56	$	1.32	$	0.66