Earnings Per Share

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Earnings Per Share

NOTE 3 – EARNINGS PER SHARE

The following table represents the reconciliation of the numerators and denominators of the Company's basic earnings per share and diluted earnings per share computations reported on the Consolidated Statements of Operations for the three months ended March 31, 2012 and 2011:

	Three Months Ended
	March 31
	2012		2011
Basic Earnings Per Share
Net income numerator	$	500,370	$	1,114,347
Weighted average shares outstanding denominator		5,341,742		5,334,213
Basic earnings per share	$	0.09	$	0.21
Diluted Earnings per Share
Net income numerator	$	500,370	$	1,114,347
Weighted average shares outstanding		5,341,742		5,334,213
Effect of dilutive securities		19,040		23,893
Diluted shares outstanding denominator		5,360,782		5,358,106
Diluted earnings per share	$	0.09	$	0.21