18. Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings per common share:

Reconciliation of the weighted average number of shares of Common Stock used in the calculation of basic and diluted earnings 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 years ended December 31, 2014 and 2013 follows:

	Year ended
	December 31,
	2014		2013
Weighted average number of shares outstanding		7,287,657		3,975,115
Effect of dilutive securities, common share equivalents		69,305		84,609
Weighted average number of shares outstanding,
used for computing diluted earnings per share		7,356,962		4,059,724