Earnings Per Common Share (EPS)

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

8. Earnings Per Common Share (EPS)

The computations of basic and diluted EPS were as follows:

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2011		2010		2011			2010
Basic EPS computation:
Net income	$	184,808	$	412,682	$	(132,552	)	$	651,980
Weighted average number of common shares		62,916,422		61,375,333		62,857,309			61,375,333
Basic EPS	$	0.00	$	0.01	$	(0.00	)	$	0.01
Diluted EPS
Net income	$	184,808	$	412,682	$	(132,552	)	$	651,980
Weighted average number of common shares		62,916,422		61,375,333		62,857,309			61,375,333
Incremental shares from assumed conversions of stock Options		1,226,285		1,923,822		-			1,788,491
Adjusted weighted average number of common shares		64,142,707		63,299,155		62,857,309			63,163,824
Diluted EPS	$	0.00	$	0.01	$	(0.00	)	$	0.01