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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [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 Three Months Ended March 31,           
     2016     2015  

Numerator for basic per share calculation:

    

Income from continuing operations for basic calculation

    $ 1,604,125          $ 1,293,370      

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

     —           (71,354)     
  

 

 

   

 

 

 

Net income for basic calculation

    $ 1,604,125          $ 1,222,016      
  

 

 

   

 

 

 

Numerator for diluted per share calculation:

    

Income from continuing operations

    $ 1,604,125          $ 1,293,370      

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

     —           —      
  

 

 

   

 

 

 

Income from continuing operations for dilution calculation

     1,604,125           1,293,370      

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

     —           (71,354)     
  

 

 

   

 

 

 

Net income for dilution calculation

    $ 1,604,125          $ 1,222,016      
  

 

 

   

 

 

 

Denominator:

    

Weighted average common shares – basic

     11,283,752           11,190,683      

Effect of dilutive securities:

    

RSUs

     133,498           155,677      

Stock options

     308,556           346,204      
  

 

 

   

 

 

 

Weighted average common shares – diluted

                 11,725,806                       11,692,564      
  

 

 

   

 

 

 

Per common share amounts – basic:

    

Income from continuing operations

    $ 0.14           $ 0.12      

Income (loss) from discontinued operations

     —           (0.01)     
  

 

 

   

 

 

 

Net income

    $ 0.14           $ 0.11      
  

 

 

   

 

 

 

Per common share amounts – diluted:

    

Income from continuing operations

    $ 0.14           $ 0.11      

Income (loss) from discontinued operations

     —           (0.01)     
  

 

 

   

 

 

 

Net income

    $ 0.14           $ 0.10