FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2015

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Reconciliation of basic and diluted weighted average number of common shares outstanding

The reconciliation of basic and diluted weighted average number of common shares outstanding for the three months ended March 31, 2015 and 2014 follows.

	Three Months Ended March 31,
	2015		2014
Weighted average common shares outstanding		11,602,924		11,573,014
Weighted average unvested restricted shares		91,503		-
Weighted average shares for basic earnings per share		11,694,427		11,573,014
Additional diluted shares:
Stock options		68,672		58,448
Weighted average shares for diluted earnings per share		11,763,099		11,631,462