NOTE 11 - EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share of common stock:

	Year Ended December 31,
	2012		2011
Basic earnings per share:
Numerator:
Net income used in computing basic earnings per share	$	6,407,072	$	5,925,981
Denominator:
Weighted average common shares outstanding		19,454,326		19,388,260
Basic earnings per share	$	0.33	$	0.31
Diluted earnings per share:
Numerator:
Net income used in computing diluted earnings per share	$	6,407,072	$	5,925,981
Denominator:
Weighted average common shares outstanding		19,454,326		19,388,260
Weighted average effect of dilutive securities:
Convertible preferred stocks		4,112,679		4,149,667
Stock warrants, options and awards		106,165		53,215
Shares used in computing diluted earnings per share		23,673,170		23,591,142
Diluted earnings per share	$	0.27	$	0.25