BUSINESS DESCRIPTION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Business Description And Significant Accounting Policies Tables

Earnings per share

The numerators and denominators used in the computations of basic and diluted EPS are presented in the following table.

	Three Months Ended September 30,								Nine Months Ended September 30,
	2012				2011				2012				2011
NUMERATOR FOR BASIC AND DILUTED EPS
Net income (numerator for Diluted EPS)		$	5,032,102			$	1,813,420			$	9,351,911			$	8,593,545
Net income allocated to Preferred Stock holders			(77,304	)			(66,008	)			(259,286	)			(312,805	)
Net income allocated to Common Stock holders		$	4,954,798			$	1,747,412			$	9,092,625			$	8,280,740
DENOMINATORS FOR BASIC AND DILUTED EPS
Weighted average Common Stock outstanding			26,251,920				25,690,402				25,922,298				25,690,402
DENOMINATOR FOR BASIC EPS			26,251,920				25,690,402				25,922,298				25,690,402
Add: Weighted average Preferred Stock, as if converted			409,580				971,098				739,202				971,098
Add: Weighted average stock warrants outstanding			-				-				-				-
DENOMINATOR FOR DILUTIVED EPS			26,661,500				26,661,500				26,661,500				26,661,500
EPS - Basic		$	0.19			$	0.07			$	0.35			$	0.32
EPS - Diluted		$	0.19			$	0.07			$	0.35			$	0.32