Net Income Per Share Computations

3 Months Ended

Mar. 31, 2015

Net Income Per Share Computations [Abstract]

Net Income Per Share Computations

3.   NET INCOME PER SHARE COMPUTATIONS 

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three months ended March 31, 2015 and 2014:  

	Three Months Ended March 31,
	2015		2014
Net income (numerator) amounts used for basic and diluted per share computations:	$	388,680	$	406,007
Weighted average shares (denominator) of common stock outstanding:
Basic		4,209,473		4,180,547
Plus dilutive effect of stock options		6,401		18,331
Diluted		4,215,874		4,198,878
Net income per common share:
Basic	$	.09	$	.10
Diluted		.09		.10

Options to purchase 75,000 shares of common stock at an average price of $13.45 per share were outstanding but not included in the computation of diluted net income per share for the three months ended March 31, 2015 because the options were out of the money at March 31, 2015. 

Options to purchase 92,500 shares of common stock at an average price of $14.15 per share were outstanding but not included in the computation of diluted net income per share for the three months ended March 31, 2014 because the options were out of the money at March 31, 2014.