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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

(14) Earnings Per Share

 

For the three months ended March 31, 2015 and 2014, basic and diluted net income per share are calculated as follows:

 

    Three Months  Ended March 31,  
    2015     2014  
Basic income per share            
Net income for the period - numerator   $ 2,105,489     $ 2,533,294  
Weighted average common stock outstanding - denominator     20,316,400       18,753,900  
Net income per share   $ 0.10     $ 0.14  
                 
Diluted income per share                
Net income for the period- numerator   $ 2,105,489     $ 2,533,294  
Weighted average common stock outstanding - denominator     20,316,400       18,753,900  
Effect of dilution     -       -  
Weighted average common stock outstanding - denominator     20,316,400       18,753,900  
Diluted income per share   $ 0.10     $ 0.14  

 

For the three months ended March 31, 2014, there were no securities with dilutive effect issued and outstanding. For the three months ended March 31, 2015, 820,312 warrants shares are excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price for the three months ended March 31, 2015 were lower than the warrants exercise price.