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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are calculated as follows:

 
 
December 31,
 
 
2012
 
2011
Basic earnings (loss) per share
 
 
 
 
 
 
 
 
 
Income (loss) available to common shareholder
 
$
376,691

 
$
(351,680
)
 
 
 
 
 
Weighted average shares outstanding
 
4,826,182

 
4,790,476

 
 
 
 
 
Basic earnings (loss) per share
 
$
0.08

 
$
(0.07
)
 
 
 
 
 
Diluted earnings (loss) per share
 
 

 
 

 
 
 
 
 
Income (loss) available to common shareholder
 
$
376,691

 
$
(351,680
)
 
 
 
 
 
Weighted average shares outstanding
 
4,826,182

 
4,790,476

Dilutive effect of stock options
 
41,293

 
—

 
 
 
 
 
Total weighted average shares outstanding
 
4,867,475

 
4,790,476

 
 
 
 
 
Diluted earnings (loss) per share
 
$
0.08

 
$
(0.07
)
 
 
 
 
 


Outstanding options excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were 254,166 and 425,965 for the years ended December 31, 2012 and 2011, respectively
.