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Earnings Per Share
 12 Months Ended
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.