2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Summary Of Significant Accounting Policies Tables

Earnings per Share

The following table provides a reconciliation of net income to net income available to common stockholders for the periods presented:  

	For the year ended
	December 31, 2015		December 31, 2014
Earnings Available to Common Stockholders:
Net Income	$	8,581,584	$	5,847,262
Minority interest	$	164,575	$	45,653
Preferred Stock Dividends		510,000		127,500
Net Income Available to Common Stockholders	$	7,907,009	$	5,674,109

The following table shows the effect of dilutive preferred stock conversion on the Company's earnings per share for the periods indicated:

	Year ended
	12/31/2015							12/31/2014
	Income		Shares		Per Share Amounts			Income		Shares		Per Share Amounts
Basic EPS	$	7,907,009		3,735,212	$	2.40		$	5,674,109		3,229,942	$	1.82
Effect of Dilutive Securities:
Convertible Preferred Stock		510,000		444,400		(0.15	)		127,500		110,631		(0.02	)
Diluted EPS	$	8,417,009		3,290,812	$	2.25		$	5,801,609		3,119,311	$	1.80