Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share

4. Earnings Per Share

The Company calculates its earnings per share in accordance with ASC 260-10, “Earnings Per Share.” There were 50,611,879 weighted average shares outstanding for the three months ended March 31, 2013 and 2012. In addition, there were 55,000 weighted average shares related to stock options exercisable for the three months ended March 31, 2013 and 2012, that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company has a net loss for each period presented.