Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

5.  Earnings Per Share:

Earnings per share data for the nine and three months ended September 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 (Loss)			Shares		Per-Share
Nine Months Ended September 30, 2011	(Numerator)			(Denominator)		Amounts
Basic EPS - Income available to common stockholders	$	824,885			9,586,143	$	.09
Effect of dilutive securities -
Options and warrants		-			244,224
Diluted EPS - Income available to common stockholders and assumed conversions	$	824,885			9,830,367	$	.08
Three Months Ended September 30, 2011
Basic EPS -Income available /(loss) attributable to common stockholders	$	(44,063	)		9,605,183	$	(.00	)
Effect of dilutive securities -
Options and warrants		-			-
Diluted EPS - Income available to common stockholders and assumed conversions	$	(44,063	)		9,605,183	$	(.00	)
Nine Months Ended September 30, 2010
Basic EPS - Income available to common stockholders	$	2,017,981			9,544,931	$	.21
Effect of dilutive securities -
Options and warrants		-			297,970
Diluted EPS - Income available to common stockholders and assumed conversions	$	2,017,981			9,842,901	$	.21
Three Months Ended September 30, 2010
Basic EPS -Income available to common stockholders	$	407,706			9,559,005	$	.04
Effect of dilutive securities -
Options and warrants		-			299,338
Diluted EPS - Income available to common stockholders and assumed conversions	$	407,706			9,858,343	$	.04