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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share

(11) Earnings Per Share

 

For the three months ended March 31, 2012 and 2011, basic and diluted net income per share are calculated as follows:

 

    Three Months Ended  
    March 31,  
    2012     2011  
Basic income per share                
Net Income for the period – numerator   $ 4,681,691     $ 4,852,924  
Weighted average common stock outstanding – denominator     18,447,733       18,346,722  
Net income per share   $ 0.25     $ 0.26  
                 
Diluted income per share                
Net Income for the period – numerator   $ 4,681,691     $ 4,852,924  
Weighted average common stock outstanding - denominator     18,447,733       18,346,722  
Effect of dilution     -       -  
Warrant     -       -  
Weighted average common stock outstanding - denominator     18,447,733       18,346,722  
Diluted income per share   $ 0.25     $ 0.26