Earnings per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

8. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Year ended December 31
	2013		2012
Numerator:
Net income	$	776,590	$	1,358,969
Denominator:
Denominator for basic earnings per share – weighted average shares		12,619,000		12,500,000
Dilutive effect of employee stock options and other warrants		197,000		154,000
Denominator for diluted earnings per share – adjusted weighted average shares		12,816,000		12,654,000
Basic earnings per share	$	0.06	$	0.11
Diluted earnings per share	$	0.06	$	0.11

For the year ended December 31, 2013, options and warrants totaling 1,099,565 shares of common stock were not included in the denominator for diluted earnings per share because their effect would be anti-dilutive or because the shares were deemed contingently issuable. For the year ended December 31, 2012, options and warrants totaling 943,684 shares of common stock were not included in the denominator for diluted earnings per share because their effect would be anti-dilutive or because the shares were deemed contingently issuable.