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EARNINGS (LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2012
EARNINGS (LOSS) PER SHARE  
Schedule of reconciliation of net income (loss) and weighted average common shares outstanding for purposes of calculating basic and diluted net earnings per share

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

(Unaudited)

 

(Unaudited)

 

 

 

2012

 

2011

 

2012

 

2011

 

Basic:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,974,121

)

$

586,775

 

$

10,410,139

 

$

6,350,509

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic - weighted average common shares outstanding

 

20,427,979

 

20,200,978

 

20,367,065

 

20,185,345

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

(0.10

)

$

0.03

 

$

0.51

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,974,121

)

$

586,775

 

$

10,410,139

 

$

6,350,509

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

20,427,979

 

20,200,978

 

20,367,065

 

20,185,345

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

343,516

 

412,452

 

326,477

 

 

 

20,427,979

 

20,544,494

 

20,779,517

 

20,511,822

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$

(0.10

)

$

0.03

 

$

0.50

 

$

0.31