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Common Stock and Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Summary of Common Stock and Earnings Per Share

Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share were determined based on the assumption of the conversion of stock options and restricted stock using the treasury stock method at average market prices for the periods.

 

     Year Ended December 31,  
     2013      2012     2011  

Income Available to Common Shareholders:

       

Income (Loss) from Continuing Operations

   $ 2,561,538       $ (301   $ (5,798,649

Discontinued Operations

     1,121,709         599,503        1,092,458   
  

 

 

    

 

 

   

 

 

 

Net Income (Loss)

   $ 3,683,247       $ 599,202      $ (4,706,191
  

 

 

    

 

 

   

 

 

 

Weighted Average Shares Outstanding

     5,739,383         5,717,937        5,724,147   

Common Shares Applicable to Stock

       

Options Using the Treasury Stock Method

     3,754        —         —    
  

 

 

    

 

 

   

 

 

 

Total Shares Applicable to Diluted Earnings Per Share

     5,743,137         5,717,937        5,724,147   
  

 

 

    

 

 

   

 

 

 

Per Share Information:

       

Basic Net Income (Loss) Per Share

       

Income (Loss) from Continuing Operations

   $ 0.44       $ —        $ (1.01

Discontinued Operations

     0.20         0.10        0.19   
  

 

 

    

 

 

   

 

 

 

Net Income (Loss)

   $ 0.64       $ 0.10      $ (0.82
  

 

 

    

 

 

   

 

 

 

Diluted Net Income (Loss) Per Share:

       

Income (Loss) from Continuing Operations

   $ 0.44       $ —        $ (1.01

Discontinued Operations

     0.20         0.10        0.19   
  

 

 

    

 

 

   

 

 

 

Net Income (Loss)

   $ 0.64       $ 0.10      $ (0.82