Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

5. Earnings Per Share:

Earnings per share data for the six and three months ended June 30, 2011 and 2010 is presented in conformity with ASC Topic 250, Earnings Per Share.

The following table is a reconciliation of the numerators and denominators in computing earnings per share:

	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amounts
Six Months Ended June 30, 2011
Basic EPS - Income available to common stockholders	$	868,948		9,576,622	$	.09
Effect of dilutive securities - Options and warrants		-		247,914
Diluted EPS - Income available to common stockholders and assumed conversions	$	868,948		9,824,536	$	.09
Three Months Ended June 30, 2011
Basic EPS -Income available to common stockholders	$	159,369		9,580,005	$	.02
Effect of dilutive securities - Options and warrants		-		236,204
Diluted EPS - Income available to common stockholders and assumed conversions	$	159,369		9,816,209	$	.02
Six Months Ended June 30, 2010
Basic EPS - Income available to common stockholders	$	1,610,275		9,537,894	$	.17
Effect of dilutive securities - Options and warrants		-		297,286
Diluted EPS - Income available to common stockholders and assumed conversions	$	1,610,275		9,835,180	$	.16
Three Months Ended June 30, 2010
Basic EPS -Income available to common stockholders	$	722,903		9,549,355	$	.08
Effect of dilutive securities - Options and warrants		-		279,118
Diluted EPS - Income available to common stockholders and assumed conversions	$	722,903		9,828,473	$	.07