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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
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,  
     2015      2014      2013  

Numerator for basic per share calculation:

        

Income from continuing operations for basic calculation

    $ 8,070,983                $ 4,616,385                $ 17,933,431           

Income (loss) from discontinued operations, net of income tax (benefit)

     2,234,000                 (569,263)                (336,489)          
  

 

 

    

 

 

    

 

 

 

Net income for basic calculation

    $ 10,304,983                $ 4,047,122                $ 17,596,942           
  

 

 

    

 

 

    

 

 

 

Numerator for diluted per share calculation:

        

Income from continuing operations

    $ 8,070,983                $ 4,616,385                $ 17,933,431           

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

     —                 (136,563)                —           
  

 

 

    

 

 

    

 

 

 

Income from continuing operations for dilution calculation

     8,070,983                 4,479,822                 17,933,431           

Income (loss) from discontinued operations, net of income tax expense (benefit)

     2,234,000                 (569,263)                (336,489)          
  

 

 

    

 

 

    

 

 

 

Net income for dilution calculation

    $ 10,304,983                $ 3,910,559                $ 17,596,942           
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average common shares – basic

     11,226,932                 11,086,690                 10,884,533           

Effect of dilutive securities:

        

RSUs

     142,949                 169,813                 242,396           

Stock options

     336,614                 336,576                 269,630           
  

 

 

    

 

 

    

 

 

 

Weighted average common shares – diluted

                 11,706,495                             11,593,079                             11,396,559           
  

 

 

    

 

 

    

 

 

 

Per common share amounts – basic:

        

Income from continuing operations

    $ 0.72                $ 0.42                $ 1.65           

Income (loss) from discontinued operations

     0.20                 (0.05)                (0.03)          
  

 

 

    

 

 

    

 

 

 

Net income

    $ 0.92                $ 0.37                $ 1.62           
  

 

 

    

 

 

    

 

 

 

Per common share amounts – diluted:

        

Income from continuing operations

    $ 0.69                $ 0.39                $ 1.57           

Income (loss) from discontinued operations

     0.19                 (0.05)                (0.03)          
  

 

 

    

 

 

    

 

 

 

Net income

    $ 0.88                $ 0.34                $ 1.54