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NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
 12 Months Ended
Dec. 31, 2011
NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE  
NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

11. NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

        Basic and diluted net income per common and potential common share has been calculated based on the weighted average number of shares outstanding. The following schedule reconciles the numerators and denominator of the basic and diluted net income per common and potential common share for the years ended December 31, 2011, 2010, 2009.

 
   Net Income
(Numerator) 		  Shares
(Denominator) 		  Per Share
Amount 		 

Year ended December 31, 2011

                    

Basic earnings per share available to common stockholders

   $ 31,806     2,120,366   $ 0.02  

Nonvested resticted stock grant

     —     13,822     —  

Effect of dilutive securities: options to purchase common shares

     —     —     —  
               

Diluted earnings per share

   $ 31,806     2,134,188   $ 0.02  
               

Year ended December 31, 2010

                    

Basic earnings per share available to common stockholders

   $ 315,572     2,107,619   $ 0.15  

Nonvested resticted stock grant

     —     18,878     —  

Effect of dilutive securities: options to purchase common shares

     —     —     —  
               

Diluted earnings per share

   $ 315,572     2,126,497   $ 0.15  
               

Year ended December 31, 2009

                    

Basic earnings per share available to common stockholders

   $ 714,612     2,102,677   $ 0.34  

Nonvested resticted stock grant

     —     11,325     —  

Effect of dilutive securities: options to purchase common shares

     —     —     —  
               

Diluted earnings per share

   $ 714,612     2,114,002   $ 0.34