Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

12.  Earnings Per Share

The calculation of earnings per share follows:

	2012		2011
Numerator:
Net income	$	3,549,231	$	2,811,193
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding		3,115,574		3,099,982
Effect of dilutive employee stock options		16,935		0
Denominator for dilutive earnings per share		3,132,510		3,099,983
Basic earnings per share	$	1.14	$	0.91
Dilutive earnings per share	$	1.13	$	0.91

For 2012 and 2011, respectively, 507,750 and 602,895 stock options were excluded from diluted earnings per share calculations because they would have been anti-dilutive.