Net Income per Share

9 Months Ended

Sep. 30, 2015

Note 3. Net Income per Share

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options using the treasury stock method. Net income per share was computed as follows:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014

Basic weighted average shares outstanding		4,877,614		4,870,114		4,872,092		4,870,114
Dilutive effect of granted options		1,170		605		904		550


Diluted weighted average shares outstanding		4,878,784		4,870,719		4,872,996		4,870,664


Net income	$	1,836,461	$	1,898,220	$	5,258,594	$	5,787,892
Net income per share-basic	$	0.38	$	0.39	$	1.08	$	1.19
Net income per share-diluted	$	0.38	$	0.39	$	1.08	$	1.19