Note 6 - Income (loss) per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

6.           Income (loss) per Common Share

     Income (loss) per common share is computed by dividing net income (loss) by the number of shares outstanding for the period.  The Company does not have any outstanding stock arrangements that might be potentially dilutive.

     A reconciliation of the Company’s income (loss) per share calculation is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2012		2011		2012
Common shares outstanding		13,221,404		13,221,404		13,221,404		13,221,404
Net income (loss) available to common stockholders	$	885,462	$	316,306	$	2,173,390	$	(126,876,069	)
Net income (loss) per common share	$	0.07	$	0.02	$	0.16	$	(9.60	)