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Earnings per Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
(13) Earnings per Share
 
For the three months and six months ended June 30, 2013 and 2012, there were no securities with dilutive effect issued and outstanding. The basic and diluted net income per share were calculated as follows:
 
   
Three Months Ended
 June 30,
 
   
2013
   
2012
 
Basic income per share
           
Net Income for the period – numerator
 
$
3,656,136    
$
3,610,790
 
Weighted average common stock outstanding - denominator
   
18,456,995
     
18,459,775
 
Net income per share
 
$
0.20
   
$
0.20
 
                 
Diluted income per share
               
Net Income for the period – numerator
 
$
3,656,136
   
$
3,610,790
 
Weighted average common stock outstanding - denominator
   
18,456,995
     
18,459,775
 
Effect of dilution
   
-
     
-
 
Weighted average common stock outstanding - denominator
   
18,456,995
     
18,459,775
 
Diluted income per share
 
$
0.20
   
$
0.20
 
 
   
Six Months Ended
 June 30,
 
   
2013
   
2012
 
Basic income per share
           
Net Income for the period – numerator
 
$
3,959,191
   
$
8,292,481
 
Weighted average common stock outstanding - denominator
   
18,458,377
     
18,453,754
 
Net income per share
 
$
0.21
   
$
0.45
 
                 
Diluted income per share
               
Net Income for the period – numerator
 
$
3,959,191
   
$
8,292,481
 
Weighted average common stock outstanding - denominator
   
18,458,377
     
18,453,754
 
Effect of dilution
   
-
     
-
 
Weighted average common stock outstanding - denominator
   
18,458,377
     
18,453,754
 
Diluted income per share
 
$
0.21
   
$
0.45