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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Earnings Per Share

 

17. EARNINGS PER SHARE

 

Earnings per share are based on the weighted average number of common shares outstanding during the year.

 

   Year Ended December 31, 2011
  

 

 

Income

 

Weighted

Average

Shares

 

Per

Share

Amount

          
Basic earnings per share:               
 Net income  $1,461,138    2,547,837   $0.57 
Diluted earnings per share:               
 Net income  $1,461,138    2,547,865   $0.57 
                

 

   Year Ended December 31, 2010
  

 

 

Income

 

Weighted

Average

Shares

 

Per

Share

Amount

          
Basic earnings per share:               
 Net income  $1,856,216    2,547,837   $0.73 
Diluted earnings per share:               
 Net income  $1,856,216    2,547,894   $0.73 
                

 

   Year Ended December 31, 2009
  

 

 

Income

 

Weighted

Average

Shares

 

Per

Share

Amount

          
Basic earnings per share:               
 Net income  $1,812,596    2,547,837   $0.71 
Diluted earnings per share:               
 Net income  $1,812,596    2,547,837   $0.71