XML 29 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Earnings per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Text Block]

Note 10 – Earnings per Share

The calculation of basic and diluted weighted average common shares outstanding is as follows:

                           
  2011     2010  
Weighted average common shares outstanding
basic earnings per share    
    5,450,565        4,798,660  
                 
Effect of potential common share issuance:
    Stock options                                                                                             
    179,342       57,966  
                 
Weighted average common shares outstanding
Diluted earnings per share                                                                                                        
    5,629,907       4,856,626  

At December 31, 2011 all outstanding options were included in the diluted earnings per share calculation because the average market price was higher than the exercise price. Outstanding options to purchase 10,000 shares were not included in the diluted earnings per share calculation at December 31, 2010, because the exercise price was higher than the average market price.