Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

The Company reports earnings per share in accordance with appropriate accounting guidance. The following table sets forth the computation of basic and diluted earnings per common share:


	Nine Months Ended September 30,
	2011		2010
Numerator:
Net income	$	53,361	$	67,903

Denominator:
Denominator for earnings per share (basic and diluted) — weighted average shares		1,652,422		1,600,439

Income per common share (basic and diluted):	$	0.03	$	0.04


	Three Months Ended September 30,
	2011		2010
Numerator:
Net income	$	123,491	$	122.322

Denominator:
Denominator for earnings per share (basic and diluted) — weighted average shares		1,660,440		1,611,343

Income per common share (basic and diluted):	$	0.07	$	0.08

The Company had 12,000 stock options outstanding at September 30, 2011 and 2010, respectively, which were not included in the common share computation for loss per share, as the common stock equivalents were anti-dilutive.