NOTE 2 - EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Text Block]

NOTE 2 – EARNINGS PER SHARE

Basic and diluted earnings (loss) per share are calculated as follows:

	For the Six Months ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Basic Earnings Per Share:
Net income available to common stock	$	336,200		10,542,890	$	0.03
Diluted Earnings Per Share:
Effect of dilutive securities and stock options		0		354,266		0.00
Net income available to common stock	$	336,200		10,897,156	$	0.03
	For the Six Months ended June 30, 2010
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Basic Earnings Per Share:
Net income available to common stock	$	702,879		10,241,783	$	0.07
Diluted Earnings Per Share:
Effect of dilutive securities and stock options		0		954,159		(0.01	)
Net income available to common stock	$	702,879		11,195,942	$	0.06