<SEC-DOCUMENT>0001171520-14-000696.txt : 20141016
<SEC-HEADER>0001171520-14-000696.hdr.sgml : 20141016
<ACCEPTANCE-DATETIME>20141015154444
ACCESSION NUMBER:		0001171520-14-000696
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141015
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141015
DATE AS OF CHANGE:		20141015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONO TEK CORP
		CENTRAL INDEX KEY:			0000806172
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				141568099
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16035
		FILM NUMBER:		141157575

	BUSINESS ADDRESS:	
		STREET 1:		2012 RT 9W BLDG 3
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
		BUSINESS PHONE:		8457952020

	MAIL ADDRESS:	
		STREET 1:		2012 RT. 9W, BLDG. 3,
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eps5891.htm
<DESCRIPTION>SONO-TEK CORP.
<TEXT>
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<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported): <B>October
15, 2014</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Cambria, Times, Serif; margin: 0; text-align: center"><B><U>Sono-Tek Corporation</U></B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Commission File Number:<B> 0-16035</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 65%; text-decoration: underline; text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif"><B><U>New York</U></B></FONT></TD>
    <TD STYLE="width: 35%; text-decoration: underline; text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif"><B><U>14-1568099</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif">(State of Incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif">(I.R.S. Employer ID No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif"><B><U>2012 Route 9W, Milton, New York</U></B></FONT></TD>
    <TD STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif"><B><U>12547</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Cambria, Times, Serif">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including area
code <B>(845) 795-2020</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following provisions:</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD><FONT STYLE="font-family: Cambria, Times, Serif">Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD><FONT STYLE="font-family: Cambria, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 27pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD><FONT STYLE="font-family: Cambria, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 27pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD><FONT STYLE="font-family: Cambria, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0"><B>Item 2.02: Results of Operations and Financial Condition.</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">On October 15, 2014, Sono-Tek Corporation issued a press release regarding
its financial results for the quarter ended August 31, 2014, in the form attached as exhibit 99.1</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0"><B>Item 9.01: Financial Statements and Exhibits.</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">(d) Exhibits</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">99.1&nbsp;&nbsp;&nbsp;Press Release dated October 15, 2014.</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center">Signatures</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">SONO-TEK CORPORATION</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">By: <U>/s/ Stephen J. Bagley</U></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 3.5in; text-align: center; text-indent: 0.5in">Stephen J. Bagley</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">October 15, 2014</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0"></P>



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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>SECOND QUARTER EARNINGS RELEASE
<TEXT>
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<P STYLE="font: bold 12pt Cambria, Times, Serif; margin: 0; text-align: right">Exhibit 99.1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B><U>Sono-Tek Announces Second Quarter Results and
Earnings Call</U></B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">(October 15, 2014 - Milton, NY) Sono-Tek Corporation (OTC QB: SOTK) today
announced sales of $2,634,000 for the three months ended August 31, 2014, compared to sales of $2,537,000 for the prior year period,
an increase of $97,000 or 4%. Although not directly reported, a comparison of the three months ended August 31, 2014 to the three
months ended May 31, 2014, also showed an increase in sales of $214,000 or 9%, a strong upward trend for this Fiscal Year. The
current quarter&rsquo;s increase was due to continuing sales strength of the Company&rsquo;s SonoFlux equipment to the electronics
printed circuit board industry, along with an even stronger showing in sales of the Company&rsquo;s 3D coating units to the specialty
glass, medical device, and advanced energy market segments. Based on the Company&rsquo;s backlog, shipments, and proposals, the
Company is expecting another sales increase for the third quarter of this Fiscal Year. To that point, the Company expects to see
sales strength in 3D coating equipment, medical device coaters, and fluxing equipment to the electronics industry. The Company
also expects continued sales to the food industry, driven by an increase in development programs with the meat packaging industry.</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">The Company reported net income of $115,000 for the three months ended August
31, 2014, compared to $105,000 for the prior year period, an increase of $10,000. The Company expects to report a similarly profitable
third quarter, based on backlog and shipments to date.</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">Dr. Christopher L. Coccio, Sono-Tek&rsquo;s Chairman and CEO, stated that,
&ldquo;We are pleased with the continuing strengthening of our business, as viewed from our quarter to quarter proposal backlog
and sales activity. We communicated these trends at the Annual Shareholders Meeting on August 28, 2014, where we reiterated our
goal of sales growth versus last year, combined with net income in the $500,000 - $1,000,000 range. We also did a webcast for the
first time during this year&rsquo;s Shareholders Meeting, and the slide presentation used is available on our website. We plan
to do an earnings release conference call for the second quarter results at 1:00pm on October 21, 2014. To join the conference,
please call 1-571-317-3122, the access code is 307-302-125.&rdquo;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">For further information, contact Dr. Christopher L. Coccio, at 845-795-2020,
or visit our website at <FONT STYLE="color: blue">www.sono-tek.com</FONT></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">Sono-Tek Corporation is a leading developer and manufacturer of liquid spray
products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company&rsquo;s products have long been recognized
for their performance, quality, and reliability.</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 9pt Cambria, Times, Serif; margin: 0 0.5in"><I>This earnings release contains forward looking statements regarding
future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results
to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory,
competitive and technological developments affecting our operations or the demand for our products; timely development and market
acceptance of new products; adequacy of financing; capacity additions, the ability to enforce patents, growth of sales to the electronics
industry; continued penetration into the food coating and solar energy markets and the ability to achieve increased sales volume
at projected levels and continued profitability. We refer you to documents that the company files with the Securities and Exchange
Commission, which includes Form 10-K and Form 10-Qs containing additional important information</I>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>Sono-Tek Corporation</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>Selected Financial Data</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0; text-align: center"><B>Unaudited</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>Six Months Ended August 31,</U></B></FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>Three Months Ended August 31,</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 40%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>2014</U></B></FONT></TD>
    <TD NOWRAP STYLE="width: 17%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>2013</U></B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>2014</U></B></FONT></TD>
    <TD NOWRAP STYLE="width: 19%; text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif"><B><U>2013</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Net Sales</FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$5,054,426</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$4,911,772</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$2,633,727</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$2,537,378</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Gross Profit</FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$2,450,053</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$2,383,646</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$1,302,087</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$1,242,232</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Income Before Taxes</FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$270,356</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$266,273</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$188,564</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$172,337</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Net Income</FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$181,667</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$179,177</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$115,024</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$105,429</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Basic Earnings Per Share </FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Diluted Earnings Per Share </FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>$0.01</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Weighted Average Shares - Basic </FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,711,770</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,503,040</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,713,788</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,503,070</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP><FONT STYLE="font: 10pt Cambria, Times, Serif">Weighted Average Shares - Diluted</FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,859,769</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,558,306</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,876,819</U></FONT></TD>
    <TD NOWRAP STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font: 10pt Cambria, Times, Serif; text-underline-style: double"><U>14,604,147</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Cambria, Times, Serif; margin: 0">&nbsp;</P>


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