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

9 Months Ended

Sep. 30, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2012		2011		2012		2011
Net income (numerator)	$	414,000	$	386,000	$	859,000	$	578,000
Shares (denominator):
Basic weighted average common shares outstanding		20,674,335		22,052,822		20,839,266		22,303,561
Add: Dilutive effect of common stock options		-		-		-		587,748
Diluted weighted average common shares outstanding		20,674,335		22,052,822		20,839,266		22,891,309
Earnings per common share:
Basic	$	0.02	$	0.02	$	0.04	$	0.03
Diluted	$	0.02	$	0.02	$	0.04	$	0.03