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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

12. Earnings Per Common Share (EPS)

 

The computations of basic and diluted EPS for the years ended December 31 were as follows:

 

Basic EPS Computation:   2011     2010  
Net income     246,866       6,380,854  
Weighted average number of common shares     62,882,100       61,555,664  
Basic EPS   $ 0.004     $ 0.104  

 

Basic EPS Computation:   2011     2010  
Net income     246,866       6,380,854  
                 
Weighted average number of common shares     62,882,100       61,555,664  
Incremental shares from assumed conversions of stock options     1,266,231       1,307,314  
Adjusted weighted average number of common shares     64,148,331       62,862,978  
                 
Diluted EPS   $ 0.004     $ 0.102