Net Income Per Share (EPS)

3 Months Ended

Mar. 31, 2012

Net Income Per Share (EPS) [Abstract]

NET INCOME PER SHARE (EPS)

(4) NET INCOME PER SHARE (EPS)

ASC 260-10 “Earnings Per Share” requires the Company to calculate net income per share based on basic and diluted net income per share, as defined. Basic EPS excludes dilution and is computed by dividing net income by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effect of outstanding options issued by the Company are reflected in diluted EPS using the treasury stock method. Under the treasury stock method, options will only have a dilutive effect when the average market price of common stock during the period exceeds the exercise price of the options.

Calculations of Earnings Per Share
	Three Months Ended March 31,
	2012		2011
Basic
Net Income	$	80,432	$	52,962
Weighted average common shares outstanding		10,616,771		10,092,860
Net Income per common share	$	0.01	$	0.01
Diluted
Net Income	$	80,432	$	52,962
Weighted average common shares outstanding		10,616,771		10,092,860
Additional dilutive effect of stock options and warrants after application of treasury stock method		16,989		346,280
Weighted average dilutive shares outstanding		10,633,760		10,439,140
Net Income per common share assuming full dilution	$	0.01	$	0.01