XML 40 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

8. 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:

 

                 
    Six Months Ended June 30,  
    2012     2011  

Numerator:

               

Net loss

  $ (229,822   $ (69,860
   

 

 

   

 

 

 

Denominator:

               

Denominator for earnings per share (basic and diluted) — weighted average shares

    1,681,992       1,648,313  
   

 

 

   

 

 

 

Loss per common share (basic and diluted):

  $ (0.14   $ (0.04
   

 

 

   

 

 

 

 

                 
    Three Months Ended June 30,  
    2012     2011  

Numerator:

               

Net (loss) income

  $ (144,604   $ 140,981  
   

 

 

   

 

 

 

Denominator:

               

Denominator for earnings per share (basic and diluted) — weighted average shares

    1,683,985       1,654,519  
   

 

 

   

 

 

 

(Loss) income per common share (basic and diluted):

  $ (0.09   $ 0.09  
   

 

 

   

 

 

 

The Company had 12,000 stock options outstanding at June 30, 2012 and at June 30, 2011. These options were not included in the common share computation for loss per share, as the common stock equivalents were anti-dilutive.