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Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
4.Earnings Per Share

Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share take common stock equivalents (such as options and warrants) into consideration using the treasury stock method.  The Company had 7,911,733 and 7,960,775 warrants outstanding with an exercise price of $4.00 at September 30, 2014, and 2013, respectively.  The dilutive effect of the warrants for the three and nine months ended September 30, 2014 and 2013 is presented below.

  
For the Three Months Ended
September 30,
  
For the Nine Months Ended
September 30,
 
  
2014
  
2013
  
2014
  
2013
 
         
Net income
 
$
139,632
  
$
367,899
  
$
674,575
  
$
1,287,945
 
                 
Weighted average common stock outstanding
  
8,119,903
   
8,066,336
   
8,085,736
   
8,060,763
 
Weighted average dilutive effect of stock warrants
  
1,029,394
   
590,220
   
1,329,927
   
148,047
 
Dilutive weighted average shares
  
9,149,297
   
8,656,556
   
9,415,663
   
8,208,810
 
                 
Earnings per share:
                
Basic
 
$
0.02
  
$
0.05
  
$
0.08
  
$
0.16
 
Diluted
 
$
0.02
  
$
0.04
  
$
0.07
  
$
0.16