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Basic and diluted income (loss) per share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
13.
Basic and diluted income (loss) per share:
   
Reconciliations between basic and diluted income (loss) per shares are set forth below:
 
 
 
December 31,
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
4,773
 
$
(18,315)
 
Weighted average number of common
    shares for basic income per share
 
 
12,769,844
 
 
12,254,546
 
Dilutive effect of options
 
 
165,012
 
 
-
 
Diluted weighted average number of common
    shares for diluted income per share
 
 
12,934,856
 
 
12,254,546
 
 
 
 
 
 
 
 
 
Basic income (loss) per share
 
$
0.37
 
$
(1.49)
 
Diluted income (loss) per share(1)
 
$
0.37
 
$
(1.49)
 
 
As of December 31, 2013, a total of 330,000 options are not included in the computation of diluted EPS because their effects are anti-dilutive for the year.
 
As the Company incurred a loss in 2012, all stock options were anti-dilutive and were excluded from the diluted weighted average shares.