EX-11 2 ex11earningspershare.htm EX-11 EARNINGS PER SHARE Ex-11 Earnings Per Share
Exhibit 11


Twelve Months Ended December 31, 2006

Basic Earnings Per Share:
            
             
Net Income
  
$3,214,738.77
=
$2.15
    
Weighted Average Number of Common Shares
  
1,491,174
        
             
             
Diluted Earnings Per Share:
            
             
Net Income
  
$3,214,738.77
=
$3,214,738.77
=
$2.14
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
  
1,491,174 + 9,132
  
1,500,306
    
             

Three Months Ended December 31, 2006

Basic Earnings Per Share:
            
             
Net Income
  
$525,120.41
=
$0.35
    
Weighted Average Number of Common Shares
  
1,491,174
        
             
             
Diluted Earnings Per Share:
            
             
Net Income
  
$525,120.41
=
$525,120.41
=
$0.35
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
  
1,491,174 + 7,963
  
1,499,137