Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Details of Computation of Earnings per Common Share, Basic and Diluted

The following table details the computation of earnings per common share, basic and diluted:

	For the Three Months Ended     June 30,				For the Six Months Ended      June 30,
	2017		2016		2017		2016
Numerator:
Net income for basic calculation	$	397,643	$	940,836	$	932,385	$	2,544,961
Adjustments to net income for the impact of dilutive securities		—		—		—		—
Net income for dilution calculation	$	397,643	$	940,836	$	932,385	$	2,544,961
Denominator:
Weighted average common shares – basic		11,514,123		11,321,711		11,480,900		11,302,731
Effect of dilutive securities:
RSUs		122,705		142,094		115,458		146,490
Stock options		140,189		317,066		166,447		312,989
Weighted average common shares – diluted		11,777,017		11,780,871		11,762,805		11,762,210
Net income per common share:
Basic	$	0.03	$	0.08	$	0.08	$	0.23
Diluted	$	0.03	$	0.08	$	0.08	$	0.22