EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2014

EARNINGS PER SHARE [Text Block]

16. EARNINGS PER SHARE

Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. There were no potential dilutive instruments. The following is a reconciliation of the basic and diluted earnings per share computations for three and nine months ended September 30, 2014 and 2013:

		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income attributable to Company’s common stockholders	$	1,297,288	$	535,389	$	1,827,303	$	2,165,842
Weighted average number of common shares outstanding – basic and diluted		38,790,811		38,790,811		38,790,811		38,790,811
Earnings per share – basic and diluted	$	0.03	$	0.01	$	0.05	$	0.06