4. Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

4.           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.

	Three Months Ended September 30,
	2012		2011
Net income	$	625,395	$	541,000
Shares used in calculation of income per share:
Basic		4,809,469		4,628,632
Effect of dilutive options		227,820		319,405
Diluted		5,037,289		4,948,037
Net income per share:
Basic	$	0.13	$	0.12
Diluted	$	0.12	$	0.11

	Nine Months Ended September 30,
	2012		2011
Net income	$	1,100,956	$	821,205
Shares used in calculation of income per share:
Basic		4,744,322		4,595,196
Effect of dilutive options		228,726		334,798
Diluted		4,973,048		4,929,994
Net income per share:
Basic	$	0.23	$	0.18
Diluted	$	0.22	$	0.17