EX-11.0 2 ex11.htm EXHIBIT 11 ex11.htm

Exhibit 11.0
 
COMPUTATION OF EARNINGS PER SHARE

   
Three months ended
June 30, 2011
   
Three months ended
June 30, 2010
   
Six months ended
June 30, 2011
   
Six months ended
June 30, 2010
 
                         
(Loss) income available to common stockholders
  $ (796,808 )   $  145,788     $ (760,794 )   $  285,878  
                                 
Weighted average shares outstanding
    2,671,459       2,666,191       2,670,805       2,665,537  
                                 
Basic (loss) earnings per share
  $ (0.30 )   $ 0.05     $ (0.29 )   $ 0.11  
                                 
(Loss) income for diluted earnings per share
  $ (796,808 )   $  145,788     $ (760,794 )   $  285,878  
                                 
Total weighted average common shares and equivalents outstanding for diluted computation
    2,671,459       2,666,191       2,670,805       2,665,537  
                                 
Diluted (loss) earnings per share
  $ (0.30 )   $ 0.05     $ (0.29 )   $ 0.11