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