Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 10 — EARNINGS PER SHARE

Basic income (loss) per share of common stock for the periods ended June 30, 2011 and 2010 is determined by dividing net income (loss) by the weighted average number of shares of common stock during the period.

The following table reconciles the weighted average shares outstanding used for basic and diluted earnings per share for the periods ending June 30, 2011 and 2010. The stock options were anti-dilutive in 2010 and therefore had no effect on diluted earnings per share.

The Company paid no cash distributions to its stockholders during the six months ended June 30, 2011 and 2010.

	For the Six Months Ended
	June 30,
	2011		2010
Weighted average number of common shares outstanding Used in the basic earnings per common share calculations		12,736,080		12,308,914
Dilutive effect of stock options		674,004		0
Weighted average number of common shares outstanding adjusted for effective of dilutive options and warrants		13,410,084		12,308,914

The stock options were anti-dilutive for the three months ended June 30, 2011.