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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Per Share

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

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2013      2012      2013      2012  

Numerator:

           

Net Income

   $ 218,630       $ 206,487       $ 763,753       $ 739,671   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Wtd. Avg. Common Shares Outstanding

     2,837,133         2,827,042         2,836,344         2,817,790   

Dilutive Effect of Stock Options

     87,000         110,500         87,000         110,500   
  

 

 

    

 

 

    

 

 

    

 

 

 

Wtd. Avg. Common Shares Outstanding, Assuming Dilution

     2,924,133         2,937,542         2,923,344         2,928,290   
  

 

 

    

 

 

    

 

 

    

 

 

 
Out of Money Stock Options Excluded from Computation of Diluted EPS

Out of the money options excluded from the computation of diluted EPS:

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2013      2012      2013      2012  

Stock option with exercise price of $6.26

     10,000         —           10,000         —