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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] |
| 13. | Earnings Per Share
The following is a reconciliation of the basic and diluted earnings per share computation for the six months ended June 30, 2014 and 2013:
|  | For the six months ended |
|  | June 30, |
|  | 2014 |  | 2013 |
Basic earnings per share |  |  |  |  |  |  |
Net income available to the company’s common shareholders |  | $ | 1,398,413 |  | $ | 1,534,416 |
Weighted average shares outstanding - Basic |  |  | 5,321,968 |  |  | 4,620,000 |
Earnings per share - Basic |  | $ | 0.26 |  | $ | 0.33 |
Diluted earnings per share |  |  |  |  |  |  |
Net income available to the company’s common shareholders |  | $ | 1,398,413 |  | $ | 1,534,416 |
Weighted average shares outstanding - Basic |  |  | 5,321,968 |  |  | 4,620,000 |
Options |  |  | 97,058 |  |  | 22,383 |
Weighted shares outstanding - Diluted |  |  | 5,419,026 |  |  | 4,642,383 |
Earnings per share - Diluted |  | $ | 0.26 |  | $ | 0.33 |
For the six months ended June 30, 2014 and 2013, 97,058 shares of 214,000 and 22,383 shares of 450,000 stock options were exercisable and included in the diluted EPS calculation. On June 30 2014, 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 each of the six months presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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