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Earnings per Share
6 Months Ended
Jun. 30, 2014
Earnings per Share [Abstract]  
Earnings per Share
(14) Earnings Per Share
 
For the three months and six months ended June 30, 2014 and 2013, there were no securities with dilutive effect issued and outstanding. The basic and diluted net income per share are calculated as follows:
 
  
Three Months Ended
  
June 30,
  
2014
  
2013
 
Basic income per share
      
Net income for the period - numerator
 
$
3,572,108
  
$
3,656,136
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,456,995
 
Net income per share
 
$
0.19
  
$
0.20
 
         
Diluted income per share
        
Net income for the period - numerator
 
$
3,572,108
  
$
3,656,136
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,456,995
 
Effect of dilution
  
-
   
-
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,456,995
 
Diluted income per share
 
$
0.19
  
$
0.20
 
 
  
Six Months Ended
  
June 30,
  
2014
  
2013
 
Basic income per share
      
Net income for the period - numerator
 
$
6,105,402
  
$
3,959,191
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,458,377
 
Net income per share
 
$
0.33
  
$
0.21
 
         
Diluted income per share
        
Net income for the period - numerator
 
$
6,105,402
  
$
3,959,191
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,458,377
 
Effect of dilution
  
-
   
-
 
Weighted average common stock outstanding - denominator
  
18,753,900
   
18,458,377
 
Diluted income per share
 
$
0.33
  
$
0.21