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1. BASIS OF PRESENTATION (Tables)

3 Months Ended

Mar. 31, 2016

Basis Of Presentation Tables

Earnings Per Share

		Three months ended March 31,
		2016				2015
Numerator
Net income		$	487,890			$	314,238
Accrued preferred stock dividends			(78,895	)			-
Net income applicable to common shares		$	408,995			$	314,238
Denominator
Basic weighted average common shares			4,987,133				4,884,503
Dilutive stock options			16,608				72,538
			5,003,741				4,957,041
Basic income per common share after preferred dividends		$	0.08			$	0.06
Diluted income per common share after preferred dividends		$	0.08			$	0.06

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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