Note 7. Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

7.         EARNINGS PER SHARE

Basic earnings per share is computed by dividing reported earnings available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing reported earnings available to common stockholders by the weighted average number of common shares outstanding after consideration of the dilutive effect, if any, of the Company’s outstanding common stock options and warrants using the treasury stock method.

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Basic weighted average shares outstanding		19,302,603		11,034,208		19,302,603		6,029,586
Effect of dilutive securities		1,250,118		567,949		1,137,339		296,458
Diluted weighted average shares outstanding		20,552,721		11,602,157		20,439,942		6,326,044