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Net Income Per Common Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Income Per Common Share
NET INCOME (LOSS) 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 81,166 for the three months ended June 30, 2015 and 254,166 for the three months ended June 30, 2014.

 
Three Months Ended June 30,
 
2015
 
2014
Basic income per share
 
 
 
 
 
 
 
Income available to common shareholders
$
244,857

 
$
29,981

 
 
 
 
Weighted average shares outstanding
4,892,686

 
4,881,548

 
 
 
 
Basic income per share
$
0.05

 
$
0.01

 
 
 
 
Diluted income per share
 
 
 
 
 
 
 
Income available to common shareholders
$
244,857

 
$
29,981

 
 
 
 
Weighted average shares outstanding
4,892,686

 
4,881,548

Dilutive effect of stock options
45,548

 
47,104

 
 
 
 
Total weighted average shares outstanding
4,938,234

 
4,928,652

 
 
 
 
Diluted income per share
$
0.05

 
$
0.01

 
 
 
 


 
Six Months Ended June 30,
 
2015
 
2014
Basic loss per share
 
 
 
 
 
 
 
Loss available to common shareholders
$
(279,512
)
 
$
(298,555
)
 
 
 
 
Weighted average shares outstanding
4,892,686

 
4,881,548

 
 
 
 
Basic loss per share
$
(0.06
)
 
$
(0.06
)
 
 
 
 
Diluted loss per share
 
 
 
 
 
 
 
Loss available to common shareholders
$
(279,512
)
 
$
(298,555
)
 
 
 
 
Weighted average shares outstanding
4,892,686

 
4,881,548

Dilutive effect of stock options
—

 
—

 
 
 
 
Total weighted average shares outstanding
4,892,686

 
4,881,548

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