Note 6: Income Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

Note 6: Income (Loss) Per Common Share

	For three months ended June 30, 2012								For six months ended June 30, 2012
	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 (Loss) Per Common Share	$	(53,789	)		2,712,297	$	(0.02	)	$	499,542		2,709,744	$	0.18
Effect of Dilutive Securities					164,447							156,123
Diluted Income (Loss) Per Common Share	$	(53,789	)		2,876,744	$	(0.02	)	$	499,542		2,865,867	$	0.17

	For three months ended June 30, 2011						For six months ended June 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	$	508,152		2,672,325	$	0.19	$	749,723		2,670,675	$	0.28
Effect of Dilutive Securities				29,712						23,562
Diluted Income Per Common Share	$	508,152		2,702,037	$	0.19	$	749,723		2,694,237	$	0.28

Stock options to purchase 201,500 and 304,329 shares of common stock were outstanding during the three months ended June 30, 2012 and 2011, respectively, and stock options to purchase 201,500 and 361,829 shares of common stock were outstanding during the six months ended June 30, 2012 and 2011, 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 six months ended June 30, 2012 and 2011, and were included in the computation of diluted income per common share because their exercise price was less than the average market price of the common shares during those periods.