Income Per Common Share

9 Months Ended

Sep. 30, 2011

Note 6: Income Per Common Share

	For three months ended September 30, 2011						For nine months ended September 30, 2011
	Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share		Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share
Basic Income Per Common Share	$	934,239		2,677,692	$	0.35	$	1,683,961		2,673,040	$	0.63
Effect of Dilutive Securities				-						-
Diluted Income Per Common Share	$	934,239		2,677,692	$	0.35	$	1,683,961		2,673,040	$	0.63

	For three months ended September 30, 2010						For nine months ended September 30, 2010
	Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share		Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share
Basic Income Per Common Share	$	240,813		2,646,828	$	0.09	$	646,400		2,641,593	$	0.24
Effect of Dilutive Securities				18,283						16,751
Diluted Income Per Common Share	$	240,813		2,665,111	$	0.09	$	646,400		2,658,344	$	0.24

Stock options to purchase 358,000 and 364,579 shares of common stock were outstanding during the three months ended September 30, 2011 and 2010, respectively, but were not included in the computation of diluted income per common share because their exercise prices were greater than the average market price of the common shares. Stock warrants to purchase 459,459 shares of common stock were outstanding during the three and nine months ended September 30, 2011, but were not included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares during those periods. However, for the three and nine months ended September 30, 2010, the exercise price of the warrants were less than the average market pricesfor the periods and were included in the computation of diluted income per common share.