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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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