Note 16 - Earnings per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

16. EARNINGS PER SHARE

The following table provides a reconciliation of income (loss) available to common stockholders and the average number of shares outstanding for the years ended December 31, 2015 and 2014.

	Years Ended December 31,
	2015		2014
			(As restated)
Net income-(numerator)	$	4,683,213	$	4,089,622
Weighted average shares outstanding for basic EPS-(denominator)		9,521,392		9,619,124
Dilutive effect of stock options and restricted stock awards		21,009		19,034
Adjusted shares for diluted EPS	$	9,542,401	$	9,638,158
Net income per common share
Basic	$	0.49	$	0.43
Diluted	$	0.49	$	0.42

For the years ended December 31, 2015 and 2014, a total 21,009 and 19,034, respectively, of incremental shares from stock options and restricted stock awards were dilutive as the average market price of the Company’s common stock exceeded the exercise and grant prices of these incremental shares. These 21,009 and 19,034 incremental shares were included in the calculation of diluted earnings per share for the years ended December 31, 2015 and 2014.