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Earnings Per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are calculated as follows:

 
 
December 31,
 
 
2015
 
2014
Basic earnings (loss) per share
 
 
 
 
 
 
 
 
 
Income (loss) available to common shareholder
 
$
1,044,304

 
$
(804,838
)
 
 
 
 
 
Weighted average shares outstanding
 
4,895,367

 
4,881,548

 
 
 
 
 
Basic earnings (loss) per share
 
$
0.21

 
$
(0.16
)
 
 
 
 
 
Diluted earnings (loss) per share
 
 

 
 

 
 
 
 
 
Income (loss) available to common shareholder
 
$
1,044,304

 
$
(804,838
)
 
 
 
 
 
Weighted average shares outstanding
 
4,895,367

 
4,881,548

Dilutive effect of stock options
 
51,008

 
—

 
 
 
 
 
Total weighted average shares outstanding
 
4,946,375

 
4,881,548

 
 
 
 
 
Diluted earnings (loss) per share
 
$
0.21

 
$
(0.16
)
 
 
 
 
 


Outstanding options excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were none for the year ended December 31, 2015 and 254,166 for the year ended December 31, 2014.