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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings per share [Abstract]  
Earnings Per Share
  (5) Earnings per share.

 

A reconciliation of the earnings and number of shares of the basic earnings per common share and diluted earnings per common share for the three months ended March 31, 2012 and 2011 is as follows:

 

    2012     2011  
    Three months ended March 31,     Three months ended March 31,  
    Net                 Net              
    Earnings     Shares     Per share     Earnings     Shares     Per share  
                                     
Basic earnings per common share   $ 497,251       12,174,689     $ 0.04     $ 195,306       10,379,119     $ 0.02  
                                                 
Effect of dilutive stock options     -       369,454       -       -       842,922       -  
                                                 
Diluted earnings per common share   $ 497,251       12,544,143     $ 0.04     $ 195,306       11,222,041     $ 0.02  

 

For the three months ended March 31, 2012 and 2011, options to purchase 5,000,000 and 18,000 shares of the common stock of the Company, respectively, were not added to the denominator because inclusion of such shares would be antidilutive.

 

As of March 31, 2012 and March 31, 2011, options to purchase 5,547,500 and 1,493,134 shares of the common stock of the Company, respectively, were outstanding.