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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Details of Computation of Earnings per Common Share, Basic and Diluted

The following table details the computation of earnings per common share, basic and diluted:

 

  For the Years Ended December 31,  
  2014   2013   2012  

Numerator for basic per share calculation:

Income from continuing operations for basic calculation

$ 4,616,385         $ 17,933,431         $ 8,013,330        

(Loss) from discontinued operations, net of income tax (benefit)

  (569,263)          (336,489)          (12,296,912)       
  

 

 

    

 

 

    

 

 

 

Net income (loss) for basic calculation

$     4,047,122         $     17,596,942         $     (4,283,582)       
  

 

 

    

 

 

    

 

 

 

Numerator for diluted per share calculation:

Income from continuing operations

$ 4,616,385         $ 17,933,431         $ 8,013,330        

Adjustments to income from continuing operations for the statement of operations impact of dilutive securities

  (136,563)          —           —        
  

 

 

    

 

 

    

 

 

 

Income from continuing operations for dilution calculation

  4,479,822           17,933,431           8,013,330        

(Loss) from discontinued operations, net of income tax (benefit)

  (569,263)          (336,489)          (12,296,912)       
  

 

 

    

 

 

    

 

 

 

Net income (loss) for dilution calculation

$ 3,910,559         $ 17,596,942         $ (4,283,582)       
  

 

 

    

 

 

    

 

 

 

Denominator:

Weighted average common shares – basic

  11,086,690           10,884,533           10,685,333        

Effect of dilutive securities:

RSUs

  169,813           242,396           305,033        

Stock options

  336,576           269,630           43,716        
  

 

 

    

 

 

    

 

 

 

Weighted average common shares – diluted

  11,593,079           11,396,559           11,034,082        
  

 

 

    

 

 

    

 

 

 

Per common share amounts – basic:

Income from continuing operations

$ 0.42         $ 1.65         $ 0.75        

(Loss) from discontinued operations

  (0.05)          (0.03)          (1.15)       
  

 

 

    

 

 

    

 

 

 

Net income (loss)

$ 0.37         $ 1.62         $ (0.40)       
  

 

 

    

 

 

    

 

 

 

Per common share amounts – diluted:

Income from continuing operations

$ 0.39         $ 1.57         $ 0.73        

(Loss) from discontinued operations

  (0.05)          (0.03)          (1.12)       
  

 

 

    

 

 

    

 

 

 

Net income (loss)

$ 0.34         $ 1.54         $ (0.39)