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Subsequent Events
6 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events

Note 14 – Subsequent Events

The Company declared a dividend of $0.045 per share on June 26, 2013 that is payable to shareholders of record on July 15, 2013. There were 8,646,678 shares outstanding on July 15, 2013 resulting in a total dividend of $389,101 which was paid to shareholders on July 31, 2013.

On July 16, 2013, the Company closed an underwritten public offering of 1,500,000 shares of its common stock at a price of $10.00 per share, less an underwriting discount of 5.75%. Janney Montgomery Scott LLC served as the managing underwriter for the offering. The Company also granted to the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock to cover over-allotments, which was exercised in full on July 23, 2013. The Company received a total of $16,158,125 in proceeds from the offering, net of the underwriting discount and various fees. The Company expects to use the net proceeds for capital expenditures, working capital and other general corporate purposes. The offering was made pursuant to the Company’s effective shelf Registration Statement on Form S-3.