Net Income per Share

3 Months Ended

Mar. 31, 2014

Net Income per Share

Note 3. Net Income per Share

Net income per share—basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share—diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options using the treasury stock method. Net income per share was computed as follows:

	For the Three Months Ended March 31,
	2014		2013
Basic weighted average shares outstanding		4,870,114		4,866,933
Dilutive effect of granted options		450		5,429
Diluted weighted average shares outstanding		4,870,564		4,872,362
Net income	$	1,797,153	$	1,414,446
Net income per share-basic	$	0.37	$	0.29
Net income per share-diluted	$	0.37	$	0.29