EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 5 – EARNINGS PER SHARE

Basic and diluted earnings per share represents net income available to common stockholders divided by the weighted average number of common shares outstanding.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Net income	$	1,328,027	$	860,130	$	2,814,989	$	2,921,566
Basic potential common shares:
Basic weighted average shares outstanding		7,007,283		7,160,909		7,007,283		7,301,902
Dilutive potential common shares		-		-		-		-
Diluted weighted average shares outstanding		7,007,283		7,160,909		7,007,283		7,301,902
Basic and diluted earnings per share	$	0.19	$	0.12	$	0.40	$	0.40