EX-11 2 ex11earningspershare.htm EX-11 EARNINGS PER SHARE EX-11 Earnings Per Share
Exhibit 11. Statement re computation of per Share Earnings


Three Months Ended June 30, 2007

Basic Earnings Per Share:
           
             
Net Income
 
$815,467.98
=
$0.54
   
Weighted Average Number of Common Shares
 
1,494,174
       
             
             
Diluted Earnings Per Share:
           
             
Net Income
 
$815,467.98
=
$815,467.98
=
$0.54
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
 
1,494,174 + 7,793
 
1,501,967
   
             


Six Months Ended June 30, 2007

Basic Earnings Per Share:
           
             
Net Income
 
$1,661,605.84
=
$1.11
   
Weighted Average Number of Common Shares
 
1,492,798
       
             
             
Diluted Earnings Per Share:
           
             
Net Income
 
$1,661,605.84
=
$1,661,605.84
=
$1.11
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
 
1,492,798 + 7,650
 
1,500,448