XML 44 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are calculated as follows:

 
 
December 31,
 
 
2014
 
2013
Basic earnings (loss) per share
 
 
 
 
 
 
 
 
 
Income (loss) available to common shareholder
 
$
(804,838
)
 
$
691,502

 
 
 
 
 
Weighted average shares outstanding
 
4,881,548

 
4,839,205

 
 
 
 
 
Basic earnings (loss) per share
 
$
(0.16
)
 
$
0.14

 
 
 
 
 
Diluted earnings (loss) per share
 
 

 
 

 
 
 
 
 
Income (loss) available to common shareholder
 
$
(804,838
)
 
$
691,502

 
 
 
 
 
Weighted average shares outstanding
 
4,881,548

 
4,839,205

Dilutive effect of stock options
 
—

 
41,248

 
 
 
 
 
Total weighted average shares outstanding
 
4,881,548

 
4,880,453

 
 
 
 
 
Diluted earnings (loss) per share
 
$
(0.16
)
 
$
0.14

 
 
 
 
 


Outstanding options excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were 305,099 and 254,166 for the years ended December 31, 2014 and 2013, respectively.