11. Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings per common share:

Schedule of Net Income Per Common Share

	Three months ended June 30,				Six months ended June 30,
	2012		2011		2012		2011
	(unaudited)				(unaudited)
Net income used in the calculation of basic earnings per share	$	560,316	$	773,931	$	1,325,734	$	900,555
Effect of dilutive securities, common share equivalents		12,168		-		-		16,839
Net income used for computing diluted earnings per share	$	572,484	$	773,931	$	1,325,734	$	917,394
Weighted average number of shares outstanding		3,789,592		3,838,386		3,780,351		3,838,386
Effect of dilutive securities, common share equivalents		94,187		80,377		-		82,903
Weighted average number of shares outstanding,
used for computing diluted earnings per share		3,883,779		3,918,763		3,780,351		3,921,289