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Computation of Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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,
 
  
2016
  
2015
  
2016
  
2015
 
Net income
 
$
1,262,000
  
$
3,362,500
  
$
529,700
  
$
1,255,000
 
Weighted average shares outstanding for the period
  
1,566,699
   
1,543,257
   
1,566,699
   
1,543,257
 
Dilutive effect of warrants
  
-
   
8,924
   
-
   
5,212
 
Weighted average diluted shares used in calculation
   of diluted earnings per share
  
1,566,699
   
1,552,181
   
1,566,699
   
1,548,469
 
Basic earnings per share
 
$
0.81
  
$
2.18
  
$
0.34
  
$
0.81
 
Diluted earnings per share
 
$
0.81
  
$
2.17
  
$
0.34
  
$
0.81