| Earnings Per Share [Text Block] |
| NOTE 6. |
Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share:
| |
|
For the Six |
|
|
For the Six |
|
|
For the Three |
|
|
For the Three |
|
| |
|
Months Ended |
|
|
Months Ended |
|
|
Months Ended |
|
|
Months Ended |
|
| |
|
June 30, 2012 |
|
|
June 30, 2011 |
|
|
June 30, 2012 |
|
|
June 30, 2011 |
|
| Numerator for basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ |
493,194 |
|
|
$ |
254,416 |
|
|
$ |
359,677 |
|
|
$ |
(139,482 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average basic shares outstanding |
|
|
13,776,231 |
|
|
|
12,890,680 |
|
|
|
13,930,194 |
|
|
|
12,941,704 |
|
| Assumed conversion of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
587,643 |
|
|
|
589,440 |
|
|
|
612,355 |
|
|
|
— |
|
| Restricted stock |
|
|
30,795 |
|
|
|
— |
|
|
|
22,580 |
|
|
|
— |
|
| Warrants |
|
|
34,994 |
|
|
|
895,619 |
|
|
|
35,952 |
|
|
|
— |
|
| Potentially dilutive common shares |
|
|
653,432 |
|
|
|
1,485,059 |
|
|
|
670,887 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator for diluted earnings per share – Adjusted weighted average shares |
|
|
14,429,663 |
|
|
|
14,375,739 |
|
|
|
14,601,081 |
|
|
|
12,941,704 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings (loss) per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
0.04 |
|
|
$ |
0.02 |
|
|
$ |
0.03 |
|
|
$ |
(0.01 |
) |
| Diluted |
|
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
0.02 |
|
|
$ |
(0.01 |
) |
Common stock warrants and options outstanding totaling 1,031,970 and 645,000 shares, respectively, are not included in diluted earnings per common share for the six months ended June 30, 2012 and 2011, respectively, as they would have an antidilutive effect on earnings per common share. |