Net Income Per Common Share

9 Months Ended

Sep. 30, 2011

NET INCOME PER COMMON SHARE [Abstract]

Earnings Per Share [Text Block]

NET INCOME PER COMMON SHARE

Basic earnings per common share exclude all dilutive stock options and are computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflect the potential dilutive effect of securities that could share in earnings of an entity.  Outstanding options excluded from the diluted earnings (loss) per share calculation because they would have an anti-dilutive effect were 465,965 and 258,166 for the three months ended September 30, 2011 and 2010, and 465,965 and 258,166 for the nine months ended September 30, 2011 and 2010, respectively.

	Three Months Ended September 30,
	2011			2010
Basic earnings (loss) per share
Income (loss) available to common shareholder	$	(469,888	)	$	901,487
Weighted average shares outstanding	4,826,182			4,702,882
Basic earnings (loss) per share	$	(0.10	)	$	0.19
Diluted earnings (loss) per share
Income (loss) available to common shareholder	$	(469,888	)	$	901,487
Weighted average shares outstanding	4,826,182			4,702,882
Dilutive effect of stock options	—			89,914
Total weighted average shares outstanding	4,826,182			4,792,796
Diluted earnings (loss) per share	$	(0.10	)	$	0.19

	Nine Months Ended September 30,
	2011			2010
Basic earnings per share
Income (loss) available to common shareholder	$	(27,452	)	$	1,912,940
Weighted average shares outstanding	4,778,441			4,702,882
Basic earnings (loss) per share	$	(0.01	)	$	0.41
Diluted earnings per share
Income (loss) available to common shareholder	$	(27,452	)	$	1,912,940
Weighted average shares outstanding	4,778,441			4,702,882
Dilutive effect of stock options	—			99,634
Total weighted average shares outstanding	4,778,441			4,802,516
Diluted earnings (loss) per share	$	(0.01	)	$	0.40