Computation of Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Computation of Earnings Per Share [Abstract]

Computation of earnings per share

Basic and diluted earnings per share are calculated as follows:

	For the Years Ended December 31,
	2014			2013
				(As adjusted)
Net (loss)/income	$	(11,294,000	)	$	8,343,900
Weighted average shares outstanding for the period		1,543,257			1,543,257
Dilutive effect of warrants		-			43,779
Weighted average diluted shares used in calculation    of diluted (loss)/earnings per share		1,543,257			1,587,036
Basic (loss)/earnings per share	$	(7.32	)	$	5.41
Diluted (loss)/earnings per share	$	(7.32	)	$	5.26