Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 10. EARNINGS PER SHARE (EPS)

The table below reconciles the numerator and denominator of EPS for the years ended December 31, 2012 and 2011.

	Years Ended December 31,
		2012		2011
Net income (loss)	$	534,343	$	(1,190,214)
Common shares outstanding or to be issued		981,665		981,665
Income (loss) per common share	$	0.54	$	(1.21)

On February 14, 2013, Orchid's Board of Directors declared a stock dividend whereby 5.37 shares of common stock were issued for each share of common stock outstanding. 827,555 shares distributed as the dividend were issued to Bimini on February 20, 2013, immediately prior to Orchid's IPO.For the years ended December 31, 2012 and 2011, the 981,665 common shares, which includes the 154,110 shares of common stock outstanding at December 31, 2012 and the 827,555 shares distributed as a stock dividend,is used for the EPS computation, as Bimini has been the sole stockholder during the entire period.