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Note 7 - Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 7:          Income (loss) per share


The Company is required to present basic income (loss) per share and diluted income (loss) per share in its consolidated statements of operations. Basic income (loss) per share amounts are computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted income (loss) per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and would be determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted income (loss) per share.


Non-vested restricted stock awards did not have an impact on the diluted earnings per share. The Company had no outstanding stock options. The following is information about the computation of income (loss) per share for the three and six months ended June 30, 2014 and 2013: 


Three months ended June 30, 2014  

Net Income

     

 Weighted Average

Common Shares

O/S

   

Amount

 

Basic and Diluted Income Per Share

                       

Income attributable to common shareholders

  $ 525,000       38,497,624     $ 0.01  

Three months ended June 30, 2013  

Net Loss

     

Weighted Average
Common Shares
 O/S

   

Amount

 

Basic and Diluted Loss Per Share

                       

Loss attributable to common shareholders

  $ (3,912,000 )     38,434,298     $ (0.10 )

 Six months ended June 30, 2014  

Net Income

      Weighted Average
Common Shares
O/S 		   

Amount

 

Basic and Diluted Income Per Share

                       

Income attributable to common shareholders

  $ 844,000       38,495,394     $ 0.02  

Six months ended June 30, 2013  

Net Loss

      Weighted Average

Common Shares

O/S

   

Amount

 

Basic and Diluted Loss Per Share

                       

Loss attributable to common shareholders

  $ (5,869,000 )     38,434,919     $ (0.15 )