Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
12 Months Ended
Dec. 31, 2017
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY

As described in Note 1, treasury stock is recorded at cost until reissued or retired. As of December 31, 2017 and December 31, 2016, the Company held 5,324,742 and 2,876,317 shares in treasury at a total cost of $6,890,349 and $3,582,805, respectively. All purchases of treasury stock have been made at market prices.