Note 15 - Income (Loss) Per Common Share And Potential Common Share:

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

15.   Income (Loss) per Common Share and Potential Common Share

Basic income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted income (loss) per common share reflects the potential dilution that would occur had all of the issued and outstanding shares of Class B common stock been exchanged for IDSs at the beginning of the period. On June 8, 2010, all of the Company’s issued and outstanding shares of Class B common stock were exchanged for IDSs on a one-for-one basis. Each of the IDSs issued in the exchange includes a common share. Diluted amounts are not included in the computation of diluted loss per common share when the inclusion of such amounts would be anti-dilutive.

A reconciliation of the common shares for the Company’s basic and diluted income (loss) per common share calculation is as follows:

	For the Years Ended December 31,
	2010		2011		2012
Weighted average of common shares-basic		12,985,629		13,221,404		13,221,404
Effect of dilutive securities		235,775		-		-
Weighted average common shares and potential common shares-diluted		13,221,404		13,221,404		13,221,404
Net income (loss)	$	690,715	$	2,197,418	$	(126,899,565	)
Net income (loss) per basic and diluted common share	$	0.05	$	0.17	$	(9.6	)