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Net Income Per Share Computations
 12 Months Ended
Dec. 31, 2014
Net Income Per Share Computations [Abstract]  
Net Income Per Share Computations

6.NET INCOME PER SHARE COMPUTATIONS

 

The following is a reconciliation of the numerator and denominator of the net income per common share computations for the years ended December 31, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

Net income (numerator) amounts used for basic and diluted per share computations:

$
2,411,155 

 

$
1,016,712 

 

 

 

 

 

 

Weighted average shares (denominator) of common stock outstanding:

 

 

 

 

 

Basic

 
4,180,547 

 

 
4,164,437 

Plus dilutive effect of stock options

 
14,406 

 

 
25,052 

Diluted

 
4,194,953 

 

 
4,189,489 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

Basic

$
0.58 

 

$
0.24 

Diluted

 
0.57 

 

 
0.24 

 

Options to purchase 90,000 shares of common stock at an average of $14.06 per share were outstanding but not included in the computation of diluted net income per share at December 31, 2014 because the options were out of the money at December 31, 2014.  

 

Options to purchase 104,500 shares of common stock at an average of $14.44 per share were outstanding but not included in the computation of diluted net income per share at December 31, 2013 because the options were out of the money at December 31, 2013.