Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 9 — EARNINGS PER SHARE

Basic income (loss) per share of common stock for the periods ended September 30, 2012 and 2011, is determined by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.

The following table reconciles the weighted average shares outstanding used for basic and diluted earnings per share for the periods ending September 30, 2012 and 2011.

	For the Nine Months Ended September 30,
	2012		2011
Weighted average number of common shares outstanding used in the basic earnings per common share calculations		13,042,264		12,781,913
Dilutive effect of stock options		—		992,342
Weighted average number of common shares outstanding adjusted for effective of dilutive options		13,042,264		13,774,255

	For the Three Months Ended September 30,
	2012		2011
Weighted average number of common shares outstanding used in the basic earnings per common share calculations		13,156,578		12,872,078
Dilutive effect of stock options		—		1,447,551
Weighted average number of common shares outstanding adjusted for effective of dilutive options		13,156,578		14,319,629

The stock options were anti-dilutive for the three and nine months ended September 30, 2012 due to the Company reporting net losses during those periods.

The Company paid no cash distributions to its stockholders during the nine months ended September 30, 2012 and 2011.