Net Income Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Net Income Per Share

Basic income per share (“EPS”) is computed using the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of common stock issuable upon exercise of stock options using the treasury stock method. No adjustments to earnings were made for purposes of per share calculations.

At March 31, 2015 and 2014, outstanding options to acquire 1,678,500 and 12,000 shares of common stock, respectively, were not considered potentially dilutive common shares due to the exercise price of such options being higher than the stock price used in the EPS calculation.

The following is a reconciliation of the shares used in the computation of basic and diluted EPS for the periods ended March 31, 2015 and 2014, respectively:

	Three months ended
	March 31, 2015		March 31, 2014
	(unaudited)		(unaudited)
Basic EPS – weighted-average number of common shares outstanding		10,128,311		10,107,644
Effect of dilutive potential common shares – stock options outstanding		14,786		90,806
Diluted EPS – weighted-average number of common shares and potential common shares outstanding		10,143,097		10,198,450