BUSINESS DESCRIPTION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2013

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.

	For the three month March 31,
	2013			2012
NUMERATOR FOR BASIC AND DILUTED EPS
Net income (numerator for Diluted EPS)		$	3,818,148		$	1,919,158
Net income allocated to Preferred Stock holders			-			69,902
Net income allocated to Common Stock holders			3,818,148			1,849,256
DENOMINATORS FOR BASIC AND DILUTED EPS
Weighted average Common Stock outstanding			26,661,499			25,690,402
DENOMINATOR FOR BASIC EPS			26,661,499			25,690,402
Add: Weighted average Preferred Stock, as if converted						971,097
Add: Weighted average stock warrants outstanding			-
DENOMINATOR FOR DILUTIVED EPS			26,661,499			26,661,499
EPS - Basic		$	0.14		$	0.07
EPS - Diluted		$	0.14		$	0.07