10. Earnings per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

10. Earnings per Share

Earnings per share have been calculated using the weighted average number of shares outstanding during each period. There was net income during the years ended December 31, 2013 and 2012, therefore the Company’s Convertible Preferred Shares would constitute potentially dilutive.

Earnings (loss) per share of common stock are calculated as follows:

	For the Years Ended December 31,
	2013		2012
BASIC EARNINGS PER SHARE OF COMMON STOCK:
Net earnings available to the Company’s common stockholders	$	82,449	$	53,635
Weighted average common shares outstanding		4,961,357		4,961,357
Basic earnings per share of common stock	$	0.02	$	0.01
DILUTED EARNINGS PER SHARE OF COMMON STOCK:
Net earnings available to the Company’s common stockholders	$	82,449	$	53,635
Weighted average common shares outstanding		4,961,357		4,961,357
Effect of dilutive securities:
Convertible preferred stock		1,374,730		1,374,730
Weighted average common shares outstanding after effect of dilutive securities		6,336,087		6,336,087
Diluted earnings per share of common stock	$	0.01	$	0.01