Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details)

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INCOME TAXES (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Current    
State and local $ 45,000 $ 170,000
Federal 2,012,000 4,017,000
Total Current Tax Expense 2,057,000 4,187,000
Deferred    
State and local 1,000 163,000
Federal 38,000 4,588,000
Total Deferred Tax Expense 39,000 4,751,000
Total Income Taxes $ 2,096,000 $ 8,938,000