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Earnings Per Share | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] |
15. | Earnings Per Share
The following is a reconciliation of the basic and diluted earnings per share computation for the years ended December 31, 2013, 2012 and 2011:
|  | Year ended |
|  | December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Basic earnings per share |  |  |  |  |  |  |  |  |  |
Net income available to the company’s common shareholders |  | $ | 1,995,621 |  | $ | 3,206,151 |  | $ | 3,103,120 |
Weighted average shares outstanding - Basic |  |  | 4,625,195 |  |  | 4,578,151 |  |  | 4,514,329 |
Earnings per share - Basic |  | $ | 0.43 |  | $ | 0.70 |  | $ | 0.69 |
Diluted earnings per share |  |  |  |  |  |  |  |  |  |
Net income available to the company’s common shareholders |  | $ | 1,995,621 |  | $ | 3,206,151 |  | $ | 3,103,120 |
Weighted average shares outstanding - Basic |  |  | 4,625,195 |  |  | 4,578,151 |  |  | 4,514,329 |
Options |  |  | 50,932 |  |  | 23,756 |  |  | - |
Weighted shares outstanding - Diluted |  |  | 4,676,127 |  |  | 4,601,907 |  |  | 4,514,329 |
Earnings per share - Diluted |  | $ | 0.43 |  | $ | 0.70 |  | $ | 0.69 |
For the years ended December 31, 2013 and 2012, 50,932 shares of 348,000 and 23,756 shares of 450,000 stock options were exercisable and included in the diluted EPS calculation. In 2013, 94,000 stock options were anti-dilutive and not included in diluted EPS. The warrants issued by the Company were anti-dilutive and not included in diluted EPS for all years presented.

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