Note 5 - Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

5.        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 are dilutive.

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

	Three Months Ended March 31,
	2012		2013
Common shares outstanding		13,221,404		13,221,404
Net income (loss)	$	818,238	$	(1,774,021	)
Net income (loss) per common share	$	0.06	$	(0.13	)