6) Earnings Per Share

3 Months Ended

Mar. 31, 2013

Notes

6) Earnings Per Share

6)      Earnings Per Share

The basic and diluted earnings per share amounts were calculated as follows:

		Three Months Ended March 31
		2013	2012
Numerator:
	Net earnings	$ 2,033,266	$ 1,662,183
Denominator:
	Basic weighted-average shares outstanding	10,935,713	10,014,795
Effect of dilutive securities:
	Employee stock options	995,184	95,500
Dilutive potential common shares		995,184	95,500
	Diluted weighted-average shares outstanding	11,930,897	10,110,295
Basic net earnings per share		$0.19	$0.17
Diluted net earnings per share		$0.17	$0.16

Net earnings per share amounts have been adjusted for the effect of annual stock dividends. For the three months ended March 31, 2013 and 2012, there were -0- and 1,673,261 of anti-dilutive employee stock option shares, respectively, that were not included in the computation of diluted net loss per common share as their effect would be anti-dilutive.