Note 6 - Income Per Common Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 6: Income (Loss) Per Common Share

	For three months ended September 30, 2013						For nine months ended September 30, 2013
	Income Available to Common Shareholders		Common Shares Outstanding		Per Common Share		Income Available to Common Shareholders		Common Shares Outstanding		Per Common Share
Basic Income (Loss) Per Common Share	$	1,147,356		2,732,431	$	0.42	$	3,270,489		2,734,487	$	1.20
Effect of Dilutive Securities				87,377						78,072
Diluted Income (Loss) Per Common Share	$	1,147,356		2,819,808	$	0.41	$	3,270,489		2,812,559	$	1.16

	For three months ended September 30, 2012								For nine months ended September 30, 2012
	Income Available to Common Shareholders			Common Shares Outstanding		Per Common Share			Income Available to Common  Shareholders			Common Shares Outstanding		Per Common Share
Basic Income (Loss) Per Common Share	$	(915,718	)		2,717,789	$	(0.34	)	$	(416,176	)		2,712,446	$	(0.15	)
Effect of Dilutive Securities					-								-
Diluted Income (Loss) Per Common Share	$	(915,718	)		2,717,789	$	(0.34	)	$	(416,176	)		2,712,446	$	(0.15	)

Stock options to purchase 155,000 of common stock were outstanding during the three and nine months ended September 30, 2013 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. Due to the Company’s net loss available to common shareholders for the three and nine month periods ended September 30, 2012, no potentially dilutive shares were included in the computation of diluted loss per common share.