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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings per Share [Abstract]  
Summary of basic and diluted net income per share

 

    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