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19. Earnings Per Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

The following table provides reconciliation between basic and diluted income (loss) per share:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2014     2013     2014     2013  
                         
Net income (loss)   $ 816,047     $ (2,080,737 )   $ 8,448,877     $ (7,951,078 )
                                 
Basic and diluted income (loss) per share   $ 0.08     $ (0.20 )   $ 0.81     $ (0.76 )
                                 
Basic and Diluted                                
Weighted average number of shares of common stock                                
outstanding and potential dilutive shares of common stock     10,446,218       10,421,731       10,439,684       10,450,906  

 

Diluted EPS is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding.  Diluted EPS for the three and nine months ended September 30, 2014 is the same as there were no stock options or other dilutive instruments outstanding.  Diluted EPS for the three and nine months ended September 30, 2013 excludes stock options outstanding as they would be anti-dilutive.