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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income Per Common Share
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 were excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were 254,166 for the three and six months ended June 30, 2014 and 254,166 for the three and six months ended June 30, 2013.

 
Three Months Ended June, 30
 
2014
 
2013
Basic earnings (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
29,981

 
$
(222,915
)
 
 
 
 
Weighted average shares outstanding
4,881,548

 
4,829,380

 
 
 
 
Basic earnings (loss) per share
$
0.01

 
$
(0.05
)
 
 
 
 
Diluted earnings (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
29,981

 
$
(222,915
)
 
 
 
 
Weighted average shares outstanding
4,881,548

 
4,829,380

Dilutive effect of stock options
47,104

 
—

 
 
 
 
Total weighted average shares outstanding
4,928,652

 
4,829,380

 
 
 
 
Diluted earnings (loss) per share
$
0.01

 
$
(0.05
)



 
Six Months Ended June 30,
 
2014
 
2013
Basic earnings (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
(298,555
)
 
$
86,156

 
 
 
 
Weighted average shares outstanding
4,881,548

 
4,827,790

 
 
 
 
Basic earnings (loss) per share
$
(0.06
)
 
$
0.02

 
 
 
 
Diluted earnings (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
(298,555
)
 
$
86,156

 
 
 
 
Weighted average shares outstanding
4,881,548

 
4,827,790

Dilutive effect of stock options
—

 
63,058

 
 
 
 
Total weighted average shares outstanding
4,881,548

 
4,890,848

 
 
 
 
Diluted earnings (loss) per share
$
(0.06
)
 
$
0.02