XML 43 R16.htm IDEA: XBRL DOCUMENT

Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

(11) Earnings Per Share

For the three-month and nine-month periods ended September 30, 2011 and 2010, basic and diluted net income per share were calculated as follows:

		Three Months Ended September 30,
		2011				2010
Basic income per share
Net Income for the period – numerator		$	5,431,760			$	1,764,228
Weighted average common stock outstanding - denominator			18,350,186				18,344,811
Net income per share		$	0.30			$	0.10

Diluted income per share
Net Income for the period – numerator		$	5,431,760			$	1,764,228
Weighted average common stock outstanding - denominator			18,350,186				18,344,811
Effect of dilution			-				-
Weighted average common stock outstanding - denominator			18,350,186				18,344,811
Diluted income per share		$	0.30			$	0.10

		Nine Months Ended September 30,
		2011				2010
Basic income per share
Net Income for the period – numerator		$	16,145,634			$	10,242,177
Weighted average common stock outstanding - denominator			18,349,044				17,128,689
Net income per share		$	0.88			$	0.60

Diluted income per share
Net Income for the period – numerator		$	16,145,634			$	10,242,177
Weighted average common stock outstanding - denominator			18,349,044				17,128,689
Effect of dilution
Warrant			-				1,373
Weighted average common stock outstanding - denominator			18,349,044				17,130,062
Diluted income per share		$	0.88			$	0.60