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Earnings per Share
 9 Months Ended
Sep. 30, 2013
Earnings per Share [Abstract]  
Earnings per Share

(14) Earnings per Share

 

For the three months and nine months ended September 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
September 30,		  
    2013     2012  
Basic income per share                
Net income for the period - numerator   $ 5,534,844     $ 4,379,071  
Weighted average common stock outstanding - denominator     18,456,900       18,459,775  
Net income per share   $ 0.30     $ 0.24  
                 
Diluted income per share                
Net income for the period - numerator   $ 5,534,844     $ 4,379,071  
Weighted average common stock outstanding - denominator     18,456,900       18,459,775  
Effect of dilution     -       -  
Weighted average common stock outstanding - denominator     18,456,900       18,459,775  
Diluted income per share   $ 0.30     $ 0.24  

 

    Nine Months Ended
September 30,		  
    2013     2012  
Basic income per share                
Net income for the period - numerator   $ 9,494,035     $ 12,671,552  
Weighted average common stock outstanding - denominator     18,457,879       18,455,776  
Net income per share   $ 0.51     $ 0.69  
                 
Diluted income per share                
Net income for the period - numerator   $ 9,494,035     $ 12,671,552  
Weighted average common stock outstanding - denominator     18,457,879       18,455,776  
Effect of dilution     -       -  
Weighted average common stock outstanding - denominator     18,457,879       18,455,776  
Diluted income per share   $ 0.51     $ 0.69