Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

12. Earnings Per Share

The calculation of earnings per share follows:

	2014		2013
Numerator:
Net income	$	4,789,005	$	4,002,905
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding		3,239,753		3,167,764
Effect of dilutive employee stock options		285,750		115,698
Denominator for dilutive earnings per share		3,525,504		3,283,461
Basic earnings per share	$	1.48	$	1.26
Dilutive earnings per share	$	1.36	$	1.22

For 2014 and 2013, respectively, 183,000 and 479,750 stock options were excluded from diluted earnings per share calculations because they would have been anti-dilutive.