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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
(3)        EARNINGS PER SHARE

The Company calculates earnings per share in accordance with ASC Topic 260.

 
 
Quarters Ended March 31,
 
 
 
2013
  
2014
 
 
 
Net Income
  
Shares
  
Per Share Amount
  
Net Income
  
Shares
  
Per Share Amount
 
 
 
  
  
  
  
  
 
Basic EPS
 
$
241,314
   
1,845,375
  
$
0.13
  
$
49,331
   
1,854,455
  
$
0.03
 
 
                        
Effect of Dilutive Stock Options
  
-
   
11,713
   
-
   
-
   
10,253
   
-
 
 
                        
Diluted EPS
 
$
241,314
   
1,857,088
  
$
0.13
  
$
49,331
   
1,864,708
  
$
0.03
 
 
 
The difference in weighted average shares outstanding between basic earnings per share and diluted earnings per share for the quarters ended March 31, 2014 and 2013 relates to the effect of 10,253 and 11,713, respectively, dilutive shares of the Company's Common Stock ("Common Stock") from stock options, which are included in total shares for the diluted earnings per share calculation.  For the quarters ended March 31, 2014 and 2013, options to purchase 386,681 and 389,666 shares, respectively, of Common Stock were not included in the computation of dilutive earnings per share because their effect was anti-dilutive.