Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

12. Earnings Per Share

The calculation of earnings per share follows:

	2015		2014
Numerator:
Net income	$	4,793,525	$	4,789,005
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding		3,334,790		3,239,753
Effect of dilutive employee stock options		352,546		285,750
Denominator for dilutive earnings per share		3,687,336		3,525,504
Basic earnings per share	$	1.44	$	1.48
Dilutive earnings per share	$	1.30	$	1.36

For 2015 and 2014, respectively, 47,000 and 183,000 stock options were excluded from diluted earnings per share calculations because they would have been anti-dilutive.