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Computation of Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Computation of Earnings Per Share [Abstract]  
Computation of Earnings Per Share
6.  Computation of Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

  
For the Nine Months
Ended September 30,
  
For the Three Months
Ended September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Net income/(loss)
 
$
3,362,500
  
$
(11,797,800
)
 
$
1,255,000
  
$
(8,247,000
)
Weighted average shares outstanding for the period
  
1,543,257
   
1,543,257
   
1,543,257
   
1,543,257
 
Dilutive effect of warrants
  
8,924
   
-
   
5,212
   
-
 
Weighted average diluted shares used in calculation
   of diluted earnings/(loss) per share
  
1,552,181
   
1,543,257
   
1,548,469
   
1,543,257
 
Basic earnings/(loss) per share
 
$
2.18
  
$
(7.64
)
 
$
0.81
  
$
(5.34
)
Diluted earnings/(loss) per share
 
$
2.17
  
$
(7.64
)
 
$
0.81
  
$
(5.34
)

Weighted average common shares outstanding, assuming dilution, include potentially dilutive common shares outstanding during the period, assuming exercise of warrants using the treasury stock method.  For the three months and nine months ended September 30, 2014, potentially outstanding shares of 28,927 and 36,497, respectively, were excluded from the calculation of diluted loss per share for the applicable period because the effect would have been anti-dilutive.