Earnings Per Share Computations

12 Months Ended

Dec. 31, 2011

Earnings Per Share Computations [Abstract]

Earnings Per Share Computations

7.	EARNINGS PER SHARE COMPUTATIONS
	The following is a reconciliation of the numerator and denominator of the earnings per common share computations:

	2011		2010
Net income (loss) (numerator) amounts used for basic and diluted per share computations:	$	397,667	$	(992,206	)
Weighted average shares (denominator) of common stock outstanding:
Basic		4,084,762		4,038,103
Plus dilutive effect of stock options		48,577		—
Diluted		4,133,339		4,038,103
Net income (loss) per common share:
Basic	$	.10	$	(.25	)
Diluted		.10		(.25	)

Options to purchase 104,500 shares of common stock at an average of $14.80 per share were outstanding but not included in the computation of diluted EPS at December 31, 2011 because the options were out of the money at December 31, 2011.

Options to purchase 368,437 shares of common stock at an average of $9.21 per share were outstanding at December 31, 2010 but were not included in the computation of diluted EPS because the Company experienced a net loss for the year ended December 31, 2010.