Net Income Per Common Share

9 Months Ended

Sep. 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 are excluded from the diluted earnings per share calculation where they would have an anti-dilutive effect. There were no excluded options for the three and nine months ended September 30, 2015 and 254,166 for the three and nine months ended September 30, 2014.

	Three Months Ended September 30,
	2015		2014
Basic income per share
Income available to common shareholders	$	1,152,056	$	112,490
Weighted average shares outstanding	4,893,548		4,881,548
Basic income per share	$	0.24	$	0.02
Diluted income per share
Income available to common shareholders	$	1,152,056	$	112,490
Weighted average shares outstanding	4,893,548		4,881,548
Dilutive effect of stock options	52,197		43,516
Total weighted average shares outstanding	4,945,745		4,925,064
Diluted income per share	$	0.23	$	0.02

	Nine Months Ended September 30,
	2015		2014
Basic income (loss) per share
Income (loss) available to common shareholders	$	872,544	$	(186,065	)
Weighted average shares outstanding	4,892,977		4,881,548
Basic income (loss) per share	$	0.18	$	(0.04	)
Diluted income (loss) per share
Income (loss) available to common shareholders	$	872,544	$	(186,065	)
Weighted average shares outstanding	4,892,977		4,881,548
Dilutive effect of stock options	51,008		—
Total weighted average shares outstanding	4,943,985		4,881,548
Diluted income (loss) per share	$	0.18	$	(0.04	)