Three Months Ended June 30,

Six Months Ended June 30,

2013

2012

2013

2012

Numerator:

Numerator for basic and diluted earnings per share, net income (loss) available to common shareholders

$

(266,484

)

$

104,306

$

(498,915

)

$

173,378

Denominator:

Denominator for basic earnings per share, weighted average shares outstanding

131,331,572

132,565,984

131,331,572

132,565,984

Effect of dilutive securities

-

1,357,363

-

1,357,363

Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion

131,331,572

133,923,347

131,331,572

133,923,347

Basic earnings (loss) per common share

$

0.00

$

0.00

$

0.00

$

0.00

Diluted earnings (loss) per common share and common share equivalent

$

0.00

$

0.00

$

0.00

$

0.00