Earnings Per Common Share (EPS)

6 Months Ended

Jun. 30, 2014

Earnings Per Common Share (EPS) [Abstract]

Earnings Per Share [Text Block]

13. Earnings Per Common Share (EPS)

The computations of basic and diluted EPS were as follows for the periods presented below:

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2014		2013		2014		2013
	(Unaudited)				(Unaudited)
Basic EPS Computation:
Net (loss) income	$	(669,239)	$	139,351	$	(1,595,937)	$	104,082
Weighted average number of common shares		72,998,461		63,751,857		69,929,300		63,751,857
Basic EPS	$	(0.009)	$	0.002	$	(0.023)	$	0.002
Basic EPS Computation:
Net (loss) income	$	(669,239)	$	139,351	$	(1,595,937)	$	104,082
Weighted average number of common shares		72,998,461		63,751,857		69,929,300		63,751,857
Incremental shares from assumed conversions of stock options		-		184,750		-		156,895
Adjusted weighted average number of common shares		72,998,461		63,936,607		69,929,300		63,908,752
Diluted EPS	$	(0.009)	$	0.002	$	(0.023)	$	0.002