Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

16. EARNINGS PER SHARE

The following table shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of potential dilutive common stock.

		Twelve Months Ended December 31,
		2011		2010		2009
Net income	$	1,520,674	$	2,987,392	$	2,228,601
Shares used in calculation of income per share:
Basic		4,619,542		4,573,810		4,570,632
Effect of dilutive options		301,752		421,331		404,480
Diluted		4,921,294		4,995,141		4,975,112
Net income per share:
Basic	$	0.33	$	0.65	$	0.49
Diluted	$	0.31	$	0.60	$	0.45

Stock options that could potentially dilute basic EPS in the future were not included in the computation of diluted EPS, because to do so would have been anti-dilutive, were 138,000, 45,000 and 96,000 for the years ended December 31, 2011, 2010 and 2009, respectively.