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Earnings Per Common Share (EPS) | 6 Months Ended
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Jun. 30, 2013
Earnings Per Common Share (EPS) [Abstract] |
Earnings Per Common Share (EPS) |
| 11. | Earnings Per Common Share (EPS)
The computations of basic and diluted EPS were as follows for the periods presented below:
|  | THREE MONTHS ENDED |  |  | SIX MONTHS ENDED |
|  | JUNE 30, |  |  | JUNE 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
|  | (Unaudited) |  |  | (Unaudited) |
Basic EPS Computation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 139,351 |  |  | $ | (302,062 | ) |  | $ | 104,082 |  |  | $ | (244,659 | )
Weighted average number of common shares |  |  | 63,751,857 |  |  |  | 63,226,857 |  |  |  | 63,751,857 |  |  |  | 63,427,681 |
Basic EPS |  | $ | 0.002 |  |  | $ | (0.005 | ) |  | $ | 0.002 |  |  | $ | (0.004 | )
Basic EPS Computation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 139,351 |  |  | $ | (302,062 | ) |  | $ | 104,082 |  |  | $ | (244,659 | )
Weighted average number of common shares |  |  | 63,751,857 |  |  |  | 63,226,857 |  |  |  | 63,751,857 |  |  |  | 63,427,681 |
Incremental shares from assumed conversions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
of stock options |  |  | 184,750 |  |  |  | - |  |  |  | 156,895 |  |  |  | - |
Adjusted weighted average number of common shares |  |  | 63,936,607 |  |  |  | 63,226,857 |  |  |  | 63,908,752 |  |  |  | 63,427,681 |
Diluted EPS |  | $ | 0.002 |  |  | $ | (0.005 | ) |  | $ | 0.002 |  |  | $ | (0.004 | )

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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