Basic and Diluted Net Income Per Common Share

3 Months Ended

Mar. 31, 2012

Basic and Diluted Net Income Per Common Share [Abstract]

Basic and Diluted Net Income Per Common Share

NOTE 6: Basic and Diluted Net Income Per Common Share

Basic earnings per share amounts are computed by dividing reported earnings available to common stockholders by the weighted average shares outstanding for the period. Diluted earnings per share amounts are computed by dividing reported earnings available to common stockholders by weighted average common shares outstanding for the period giving effect to securities considered to be potentially dilutive common shares, such as stock options.

	For the Three Months Ended March 31,
	2012		2011
Net income / (loss)	$	113,530	$	(342,516	)
Weighted average shares of common stock outstanding used to compute basic earnings per share		29,038,021		29,038,021
Additional common shares to be issued assuming exercise of stock options and stock warrants		220,000		—
Weighted average shares of common and common equivalent stock outstanding used to compute diluted earnings per share		29,258,021		29,038,021
Basic:
Net income / (loss) per share	$	0.00	$	(0.01	)
Weighted average common shares outstanding		29,038,021		29,038,021
Diluted:
Net income / (loss) per share	$	0.00	$	(0.01	)
Weighted average common and common equivalent shares outstanding		29,258,021		29,038,021

For the three months ended March 31, 2011, outstanding stock options were excluded from weighted average shares of common and common equivalent shares outstanding due to their anti-dilutive effect as a result of the Company’s net loss. Additional common shares to be issued, assuming exercise of stock options for the three months ended March 31, 2011, would have been 154,479.