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Earnings Per Share
 6 Months Ended
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.