11. Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings per common share:

Schedule of Net Income Per Common Share

The reconciliation of the weighted average number of shares of Common Stock used in the calculation of basic and diluted earnings per common share for the three months ended March 31, 2013 and 2012 follows:

	Three months ended
	March 31,
	2013		2012
Weighted average number of shares outstanding		3,840,899		3,771,109
Effect of dilutive securities, common share equivalents		73,507		-
Weighted average number of shares outstanding,
used for computing diluted earnings per share		3,914,406		3,771,109