11. EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Note 11. EARNINGS (LOSS) PER SHARE

We present both basic and diluted EPS on the face of our consolidated statements of operations. Basic and diluted EPS are calculated as follows:

	2012			2011
Net income (loss)	$	(1,084,447	)	$	182,990
Weighted average common shares outstanding:
Basic		13,169,991			13,272,049
Effect of dilutive options		-			205,960
Diluted		13,169,991			13,478,009
Net income (loss) per common share:
Basic	$	(0.08	)	$	0.01
Diluted	$	(0.08	)	$	0.01

Certain stock options whose terms and conditions are described in Note 12, “Stock Options” could potentially dilute basic EPS in the future, but were not included in the computation of diluted EPS because to do so would have been anti-dilutive.  Those anti-dilutive options are as follows.

	2012		2011
Anti-dilutive options		999,000		180,700

There were no preferred shares issued and outstanding during the years ended December 31, 2012 or 2011.