Note 7 - Basic and Diluted Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Net income (numerator)	$	374,000	$	304,000	$	444,000	$	192,000
Shares (denominator):
Basic weighted average common shares outstanding		20,857,189		22,427,403		20,922,638		22,431,009
Add: Dilutive effect of common stock options		-		-		-		-
Diluted weighted average common shares outstanding		20,857,189		22,427,403		20,922,638		22,431,009
Earnings per common share:
Basic	$	0.02	$	0.01	$	0.02	$	0.01
Diluted	$	0.02	$	0.01	$	0.02	$	0.01