Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share Tables

Basic and diluted earnings per share calculation data

NOTE 3 – EARNINGS (LOSS) PER SHARE

The following table represents the reconciliation of the Company's basic earnings (loss) per share and diluted earnings (loss) per share computations reported on the Consolidated Statements of Operations for the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended					Nine Months Ended
	September 30					September 30
	2013			2012		2013			2012
Basic earnings (loss) per share
Net  income (loss)	$	(368,366	)	$	745,595	$	(109,823	)	$	1,402,740
Weighted average shares outstanding		5,341,147			5,337,913		5,341,147			5,341,296
Basic earnings (loss) per share	$	(0.07	)	$	0.14	$	(0.02	)	$	0.26
Diluted earnings (loss) per share
Net income (loss)	$	(368,366	)	$	745,595	$	(109,823	)	$	1,402,740
Weighted average shares outstanding		5,341,147			5,337,913		5,341,147			5,341,296
Effect of dilutive securities		—			12,008		—			15,455
Diluted shares outstanding		5,341,147			5,349,921		5,341,147			5,356,751
Diluted earnings (loss) per share	$	(0.07	)	$	0.14	$	(0.02	)	$	0.26