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Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

(11) Earnings Per Share

For the six months ended June 30, 2011 and 2010, basic and diluted net income per share were calculated  as follows:

		Three Months Ended June 30,
		2011				2010
Basic income per share
Net Income for the period – numerator		$	5,860,950			$	5,351,855
Weighted average common stock outstanding - denominator			18,350,186				18,113,740
Net income per share		$	0.32			$	0.30
Diluted income per share
Net Income for the period – numerator		$	5,860,950			$	5,351,855
Weighted average common stock outstanding - denominator			18,350,186				18,113,740
Effect of dilution			-				-
Weighted average common stock outstanding - denominator			18,350,186				18,113,740
Diluted income per share		$	0.32			$	0.30

		Six Months Ended June 30,
		2011				2010
Basic income per share
Net Income for the period – numerator		$	10,713,874			$	8,477,949
Weighted average common stock outstanding - denominator			18,348,464				16,510,549
Net income per share		$	0.58			$	0.51
Diluted income per share
Net Income for the period – numerator		$	10,713,874			$	8,477,949
Weighted average common stock outstanding - denominator			18,348,464				16,510,549
Effect of dilution
Warrant			-				2,072
Weighted average common stock outstanding - denominator			18,348,464				16,512,621
Diluted income per share		$	0.58			$	0.51

X

- 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 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 2: 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=6945512&loc=d3e4984-109258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: 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=6920599&loc=d3e1278-109256

Reference 5: 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 6: 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=6880815&loc=d3e20235-122688

+ Details

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Namespace Prefix:	us-gaap
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration