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Computation of Earnings/(Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Computation of Earnings/(Loss) Per Share [Abstract]  
Computation of (loss)/earnings per share
Basic and diluted earnings/(loss) per share are calculated as follows:

 
For the Years Ended December 31,
 
 
2012
 
 
2011
 
 
 
 
 
 
 
Net income/(loss)
 
$
5,189,000
 
 
$
(1,450,400
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding for the period
 
 
1,543,257
 
 
 
1,543,257
 
Dilutive effect of warrants
 
 
19,797
 
 
 
-
 
Weighted average diluted shares used in calculation of diluted earnings/(loss) per share
 
 
1,563,054
 
 
 
1,543,257
 
 
 
 
 
 
 
 
 
Basic earnings/(loss) per share
 
$
3.36
 
 
$
(0.94
)
Diluted earnings/(loss) per share
 
$
3.32
 
 
$
(0.94
)