16. EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

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,
	2012		2011		2010
Net income	$	1,142,800	$	1,520,674	$	2,987,392
Shares used in calculation of income per share:
Basic		4,802,569		4,619,542		4,573,810
Effect of dilutive options		86,858		301,752		421,331
Diluted		4,889,427		4,921,294		4,995,141
Net income per share:
Basic	$	.24	$	.33	$	.65
Diluted	$	.23	$	.31	$	.60

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 139,000, 138,000 and 45,000 for the years ended December 31, 2012, 2011 and 2010, respectively.