XML 46 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Presentation of Financial Information (Tables)
9 Months Ended
Sep. 30, 2012
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a summary of the basic and diluted earnings per share for the three and nine month periods ended September 30, 2012 and September 30, 2011.

 

    Three Months Ended September 30,  
Basic earnings per common share calculation:   2012     2011  
Numerator: Net income available to common shareholders   $ 38,983     $ 322,711  
Denominator: Weighted avg. common shares outstanding     6,500,396       6,500,396  
Effect of dilutive stock options     3,758       -  
Diluted shares     6,504,154       6,500,396  
                 
Basic earnings per common share   $ 0.01     $ 0.05  
Diluted earnings per common share   $ 0.01     $ 0.05  

 

    Nine Months Ended September 30,  
Basic earnings per common share calculation:   2012     2011  
Numerator: Net income available to common shareholders   $ 130,489     $ 496,185  
Denominator: Weighted avg. common shares outstanding     6,500,396       6,500,396  
Effect of dilutive stock options     59,090       -  
Diluted shares     6,559,486       6,500,396  
                 
Basic earnings per common share   $ 0.02     $ 0.07  
Diluted earnings per common share   $ 0.02     $ 0.07